Report: Snapchat Inc. May Get Cash From Alibaba Group Holding Ltd.

Alibaba Group Holding Ltd. BABA will invest $200 million in the social media start-up Snapchat Inc., according to an unconfirmed report. Snapchat is reportedly looking to raise a round of financing that would value it at up to $19 billion. But unnamed sources told Bloomberg that Alibaba's prospective investment would be independent from that round. Bloomberg reported last summer that Alibaba halted investment talks with Snapchat, but "left the door open" to further negotiations to follow Alibaba's initial public offering. http://www.bloomberg.com/news/articles/2014-08-08/snapchat-alibaba-talks-said-to-end-as-startup-oks-shares Separately, Saudi Prince Alwaleed Bin Talal's Kingdom Holdings said Sunday it discussed "future potential business cooperation" with Snapchat Chief Executive Evan Spiegel at a meeting in in Riyadh, Saudi Arabia. http://www.kingdom.com.sa/prince-alwaleed-meets-snapchats-ceo Alwaleed is reportedly worth more than $22.9 billion and has investments in the social media companies Twitter Inc. TWTR and JD.Com Inc. JD along with holdings in traditional media, finance and hotels.