Technology content trusted in North America and globally since 1999
8,254 Reviews & Articles | 62,612 News Posts

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

RumorTT: Snapchat refused a $4 billion acquisition offer from Google
By: Anthony Garreffa | 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.




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...


Related Tags

Got an opinion on this news? Post a comment below!