The messaging app known as Snapchat is once again the focus of acquisition rumors as a new report claims that the company recently turned down a $3 billion offer from Facebook.
According to sources in contact with the Wall Street Journal, Facebook made an offer of '$3 billion or more,' but Snapchat cofounder Evan Spiegel is opting to wait until 2014 in hopes of a better valuation for the company.
When contacted for comment regarding the acquisition report, a Snapchat spokesperson told Mashable, 'We don't comment on rumors and speculation.'
On October, the Wall Street Journal put out a similar report, claiming that Facebook had offered to acquire Snapchat for $1 billion.
Still another report in October indicated that Snapchat was looking to raise a round of funding that would value the company at roughly $3.5 billion.
Facebook and Snapchat did not immediately respond to a request for comment.
Image: Justin Sullivan/Getty Images
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