Here's Why Facebook Wants to Buy Snapchat

Here's Why Facebook Wants to Buy Snapchat Play

Nov. 14 (Bloomberg) -- Facebook offered to pay about $3 billion for mobile application Snapchat, a person with knowledge of the matter said, adding to evidence that the company is willing to dig deep into its cash pile to reach young people. TBG Digital CEO Simon Mansell speaks with Cory Johnson on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

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