Google Offered $30 Billion To Purchase Snapchat
Snapchat, which is now officially called as Snap Inc., has filed for IPO early in this March. The company went public and would now have the capital of the public to lend financial support. However, a report coming from the reputed news organization claims that Google has verbally discussed the acquisition of Snapchat with Snap Inc. CEO Evan Spiegel.
Google held informal talks with Snap Inc. and given an offer of $30 billion in 2016 before Snap's last funding round, and ahead of its IPO this year, according to Business Insider. The said offer was apparently an open secret inside Snap, and was on the table after the IPO, too.
Various reports do suggest that the offer was for $30 billion and the discussions have happened far before the company filed for IPO. Google's offer was still on the table even after Snap Inc. went public. And as expected, Spiegel did not budge, as he did not want to sell out. Actually, only he and Snap Inc. co-founder Bobby Murphy are the ones who can make decisions for the company so public backers have nothing to say about it, even if they wanted to.
However, Google has declined to comment to the Business Insider and Snap told TechCrunch that "these rumors are false." It's speculated by the several publications that Google's curiosity was very preliminary, and possibly never rose to Snap's higher ranks.
Still, Google's relationship with Snapchat remains close. As the Snap, which is one of the Google Cloud's largest customers, has vowed to spend $2 billion on Google Cloud. Cloud is the platform on which Snapchat runs. Together, both the companies could align their Google Glass and Snap Spectacles hardware efforts to build a powerful but appealing AR device. However, there is also a risk when Google's open, engineering-driven culture could clash with Snap's secretive, design-driven culture.
2018 Rolls-Royce Phantom VIII Is The World's 'Most Silent' Car, Here's Why
The eighth iteration of the Rolls-Royce Phantom is having the “most silent” interior of anything on the road.
Xiaomi Mi 6C Full Details Leaked: Surge S2 Processor, 6GB RAM, And Dual Cameras
The Xiaomi Mi 6C has resurfaced on the Internet and this time with renders and more details regarding its specifications.
Honor Note 9 Release Date, Specs Leaked:4,600 mAh battery, 6GB RAM And Dual Cameras Coming In September
The latest leak coming from Weibo reveals specifications and release date of the Honor Note 9.
Microsoft Reportedly Working On iPad 'Touch Cover'
New documents reveal the existence of an "iPad Touch Cover" from Microsoft.
AMD Threadripper Official Launch Date With Three Variants Confirmed
AMD Threadripper lineup also gets a new 8-core processor, prices start at $549 and will launch on August 31.
MORE IN ITECHPOST
Link Building & Guest Posting Updates- 2020
Over the years, the importance of high-quality backlinks has only increased. What once used to be a quantitative measure, is now qualitatives in nature. In other words, the links are now scanned for the quality they bring in, along with the number of links.
How Do Personal Emergency Response Systems Work?
Personal emergency response systems, known as PERS for short, are systems that help people to raise the alarm and get immediate help when a medical or personal emergency occurs. They are ideal for older people and anyone with a mobility issue or an injury or illness that can cause falls.
New Lawsuit Alleges Fortnite Video Game Is as Addictive as Cocaine
Epic Games, creator of the popular Fortnite video game, has been hit with a new lawsuit that alleges the game is as "addictive as cocaine" and that Epic has targeted children with its marketing. The popular game is played by more than a quarter-billion people.
Netflix is Raising Prices, Here’s How it Now Compares to Other Streaming Services
Once a brand gains the trust and loyalty of its market, it is only logical that it attempts to flex its dominant muscle. Such is the tale that fits the recent price hike coming from the stable of Netflix. Having baited consumers into believing that streaming, and not cable subscription, is the right way to go, Netflix has now decided to drop its own form of a bombshell on consumers in the form of price increment. The news, which was announced earlier this year, detailed that Netflix would be raising prices across all of its plans by 13 to 18 percent.