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Report: Snapchat Turns Down $3 Billion Offer From Facebook

socalTECH

In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.

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How Much Is Snapchat Really Worth?

socalTECH

How much is Los Angeles-based Snapchat really worth? The report last week that Snapchat is raising a new funding round at $3.5 billion--and turned down a $1 billion acquisition offer from Facebook --has some wondering if we''ve returned to 1999-era, dot-com valuations for companies. READ MORE>>.

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Snapchat Reportedly Near Acquisition Of Vurb For $110M

socalTECH

Venice-based Snapchat is reportedly near a $110M acquisition of mobile search startup Vurb , according to reports. Neither Snapchat nor Vurb have yet confirmed the deal, which apparently has yet to be signed. The original report cited a "person famliar with the deal". READ MORE>>.

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Snap accelerator names its latest cohort

TechCrunch LA

SketchAR — this Lithuanian company is developing an AI-based mobile app for teaching drawing using augmented reality. Since launching the platform in 2018, startups from the Snap accelerator have gone on to acquisition (like Stop, Breathe, and Think, which was bought by Meredith Corp.)

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Here’s Why it Was an Epic Month for #LATech

Both Sides of the Table

In fact, many people know I grew up in NorCal and still have a 650 area code on my mobile phone. AOL committed to keeping the team in LA after the acquisition and in building a deeper technology team in town. LA has a serious technology scene. And I’m proud of that, too. Buying local teams with talented engineering groups.

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Naritiv's Snapchat Analytics Software Acquired By Hootsuite (Update)

socalTECH

The Snapchat analytics software developed by Los Angeles-based Naritiv , a startup producing online content for brands, has been acquired by social media management firm Hootsuite. Financial terms of the acquisition were not announced. The announcement was made on Tuesday. and Allen DeBevoise. READ MORE>>.

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Who's Next For IPO, Acquisition In Southern California?

socalTECH

It's been a banner year for acquisitions and IPOs in Southern California--with such acquisitions as the $2 billion acquisition of Vizio in June; the acquisition of Dollar Shave Club in February; and the IPO of The Trade Desk last week. Snapchat - Snapchat--or as it calls itself now, Snap Inc. --is