Google had held informal dialogue with Snap and floated an offer of $30 billion before the latter's last funding round, said a report in Business Insider on Thursday.
"One person claimed Google and Snap also had discussions about a potential buyout just ahead of Snap's initial public offering earlier this year, and that an offer in the ballpark of $30 billion has continued to be on the table since the IPO. Chatter that Snap passed up a chance to sell to Google for at least twice its current value could be especially painful for investors and employees grappling with the company's sinking stock," the report notes.
Social Plugin