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.
HTC Will Build Another Flagship Phone, Even After Billion-Dollar Deal with Google
HTC is showing signs of revival with the announcement of $1.1 billion smartphone business deal with Google.
Google Replacing Defective Nexus 6Ps with Pixel XL for Free
Owners of defective Nexus 6P units in the US and Canada are now receiving Google Pixel XL as free replacement.
Google Pixel Users on Oreo Complain of Unexpected Mobile Data Shutdown
Google has acknowledged mobile data issues with Pixels running on Oreo update via its official product forums.
Google Announces Permanent Shut Down of Drive App for PC and Mac
Google Drive app gets its end of support date for December 11 and the end of life date for March 12, 2018.
Android O Launching Today As "Android Oreo," Suggests Leaked Image: How to Watch Livestream
Google is all set to release its next mobile operating system aka Android O today.
MORE IN ITECHPOST
Is Your Website a Legal Liability or is it ADA Compliant?
Take a minute to think about how many times a day you use the internet. Do you read email while drinking your morning coffee? Use Google Maps to check traffic on your commute? Maybe you're in the majority of people who use the internet to get the news, watch television, shop and pay bills.
Embracing Bioinformatics in Gene Banks
The preservation of plant biodiversity is the task of the roughly 1,750 gene banks that are distributed around the world. So far, they store plant samples, and sometimes additional phenotypic or genetic information, of around 7,4 million accessions of plant species in total. It is expected that with the facilitated access to improved, quicker and cheaper sequencing and other omics technologies, the number of well-characterized accessions and the amount of detailed information that needs to be stored along with the biological material will be growing rapidly and continuously.
Top 5 Video Games to Play for a Truly Unique First Date
Video games have a way of taking us outside of ourselves and live in a fantasy world. It's even better when you're playing a game with someone special!