This market will resolve to “Yes” if credible reporting confirms that any entity enters into an agreement to acquire Snapchat by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”. Mergers where Snapchat is subsumed by another entity will count toward a "Yes" resolution. An announced agreement between Snapchat and an acquiring entity will qualify for a “Yes” resolution, regardless of whether the acquisition is ultimately completed. The primary resolution source for this market is official information from Snapchat and/or its leadership, however a consensus of credible reporting will also be used.