Report: Google was ready to pay $30 billion for Snapchat last year

Report: Google was ready to pay $30 billion for Snapchat last year
In November 2013, Snapchat reportedly turned down a purchase offer from Google for $4 billion. That same month and year, Snapchat turned down a deal from Facebook for $3 billion. Snap (Snapchat's parent company) was eventually valued at more than $24 billion after going public. The bottom line was that by staying patient, Snapchat was eventually able to give its investors a better opportunity. So now out comes a rumor that states Google was willing to pay as much as $30 billion last year for Snapchat.

The talk between Google and Snapchat was alleged to have taken place just before the Series F round of private funding that was scheduled to take place last May. That round valued the company at $20 billion. Snapchat's parent company Snap is now valued at $14 billion after a stinging decline in the price of its shares. As far as the rumors about Google once planning a $30 billion bid for Snapchat is concerned, the search giant will not comment and Snap calls the rumor "false."

Snap is now considered a popular messaging app for the teen set. Originally known for its self-disappearing messages that would automatically disappear after 10-seconds, Snapchat eliminated that feature and added new ones like Lenses and Filters. The former allows you to turn into a motorcycle cop with shades and a goatee, or a monster-like bunny rabbit among other possibilities. And Snap Map allows you to follow your friends on a real time map so that you can see where they are, and what they are doing.

source: BusinessInsider

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9 Comments

1. adi9764

Posts: 119; Member since: Feb 16, 2016

I will buy snapchat for 5 dollars. Deal?

2. Derekjeter

Posts: 1455; Member since: Oct 27, 2011

Since I moved to iOS 11 my ad blocker stopped and holy s**t this site is so horrible with the ads. Damn PA I can’t even see my comment I hope it came out correct.

3. LetsBeHonest

Posts: 1548; Member since: Jun 04, 2013

Are u using desktop version or mobile version of this site?

7. deewinc

Posts: 455; Member since: Feb 21, 2013

I have complained about this so many times too and they seem not to care at all. I'm not alone. I also found several comments over the past few months of people complaining about the tons of ads. If you come from the US or UK the ads are even 10X worse. If you check on Alexa rankings you will realize that their web traffic has dropped by nearly 50% (from 22 million in Jan 2016 to 16 million in Jan 2017 and 13 million in July 2017) and 100% since Jan 2015 (38 million per month). As if not enough, they seem not to care but continue to add more adds everywhere. On the other hand. GSMARENA still maintains its consistency of over 55 million hits per month.

8. Leo_MC

Posts: 6715; Member since: Dec 02, 2011

Ad blockers have been updated to support iOS 11; you shouldn't have any problems.

4. Martineverest

Posts: 521; Member since: Oct 27, 2015

Raw would have been wasted money..... Snapchat CEO's arrogancy is hurting him

5. Martineverest

Posts: 521; Member since: Oct 27, 2015

That would have been a waste of money.... .. Snapchat CEO's arrogancy will haunt him

6. torr310

Posts: 1628; Member since: Oct 27, 2011

Snapchat going down soon...

9. Slytherin

Posts: 268; Member since: Mar 02, 2017

Google probably wanted to buy it to make it better for Android, as it is now, well it's smelling of s**t! I hope they go down the pan

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