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Deals Rumor Mill: Snapchat, Viacom, Abbott Laboratories

By Benjamin Horney (November 15, 2016, 5:45 PM EST) -- Snapchat has filed confidentially for its planned initial public offering, Reuters reported late Tuesday afternoon. The report contained only that single point of information, citing "sources." Reports late last month said that Snap Inc., the parent company of the popular vanishing-photo messaging app, was aiming to raise up to $4 billion in an IPO that could value Snapchat at as much as $40 billion. Previous reports said that Snap had tapped Morgan Stanley and Goldman Sachs Group Inc. to lead its market debut, which could take place as soon as early 2017....

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