UPDATE 1-Market Chatter-Corporate finance press digest
(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.