Snapchat's financing talks with Alibaba end: Bloomberg

[riky]

Snapchat's financing talks with Alibaba end: Bloomberg

<p><a href="http://news.yahoo.com/snapchats-financing-talks-alibaba-end-bloomberg-004114051--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/lJ5shB2z1vW3mrIN8o6Lug--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-08-09T004114Z_1006950001_LYNXMPEA7800E_RTROPTP_2_CBUSINESS-US-SNAPCHAT-FUNDING.JPG" width="130" height="86" alt="People walk at the headquarters of Alibaba in Hangzhou" align="left" title="People walk at the headquarters of Alibaba in Hangzhou" border="0" /></a>(Reuters) - Snapchat Inc's financing talks with China's Alibaba Group Holding Ltd are over, Bloomberg reported, citing people familiar with the matter. The developer of a popular app that allows users to send messages that disappear after a few seconds was reportedly in talks last week with investors, including Alibaba, for financing that could value the company at $10 billion. Discussions between the two companies have not been active for some time, Bloomberg said, citing other people familiar with the matter. Chinese e-commerce giant Alibaba, which is preparing for a September 2014 debut on the New York Stock Exchange, has left the door open to continue the funding talks after its initial public offering, Bloomberg reported.</p><br clear="all"/>

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