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Snapchat seeks new funding at up to $19 billion valuation: Bloomberg

February 18, 2015 publisher advanced-talks, angeles, another-round, completed-late, dominance, facebook, gram-transfer, man-walks, mobile, programs-before, raise-as-much, school, send-messages, the-established, venice

(Reuters) – Snapchat is looking to raise as much as $500 million in a new funding round that would value the mobile messaging company at up to $19 billion, Bloomberg reported on Tuesday, citing a person with knowledge of the matter. The latest valuation is a massive increase for the company, which Facebook Inc offered to buy for $3 billion in late 2013.