UPDATE 1-Market Chatter-Corporate finance press digest

Mon Aug 11, 2014 2:03am EDT
 
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(Adds China Reinsurance Group Corp)

Aug 11 (Reuters) - The following corporate finance-related stories were reported by media:

* Snapchat Inc's financing talks with China's Alibaba Group Holding Ltd IPO-BABA.N are over, Bloomberg reported, citing people familiar with the matter.

* Tango, the mobile messaging company, is arranging a financing transaction that would value its business at around $1.5 billion, roughly one-third more than the valuation it received just five months ago, according to three people familiar with the situation.

* Private equity giant TPG Capital Management LP made a $3.1 billion approach for Australia's Treasury Wine Estates Ltd, a source said, setting the scene for a possible bid war for the world's No.2 winemaker with rival KKR & Co LP.

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