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Deals Rumor Mill: Snapchat, Robert Bosch, Anglo American

By Benjamin Horney (October 13, 2016, 6:20 PM EDT) -- Snap Inc., the company behind popular vanishing-photo messaging app Snapchat, has selected Morgan Stanley and Goldman Sachs Group Inc. to lead its planned initial public offering, The New York Times reported on Wednesday. According to the report, other banks will also be involved in the offering, and the IPO could take place as soon as the first quarter of next year. Reports last week said a Snap IPO could value the company at more than $25 billion....

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