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RumorTT: Google offered $4 billion to Snapchat, which was turned down

RumorTT: Snapchat refused a $4 billion acquisition offer from Google (NASDAQ:GOOG)

| Business, Financial & Legal News | Posted: Nov 17, 2013 5:34 am

It was only a few days ago that we reported that Snapchat refused a $3 billion acquisition offer from Facebook, but now unnamed sources of Valleywag have said that Google offered the company $4 billion, which it also turned down.

 

TweakTown image news/3/3/33942_03_rumortt_google_offered_4_billion_to_snapchat_which_was_turned_down.jpg

 

The same sources say that Snapchat is going to wait until next year to raise funds, because it wants to increase the number of photos its users share each day to more than the number of photos shared through Facebook each day. If this does happen, the valuation will be exponentially more, which will make the current $3 and $4 billion offers feel like nothing. If it were me, I'd be happy with $4 billion...

NEWS SOURCES:Bgr.com

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