Updated:03:22 PM EDT Oct 20

this is ggmania.com subsite

rss feed 
top 100
submit news

FREE eBooks

CD/DVD tools
Free Antivir

Forex Brokers Reviewed


Expert writing tips from professional writers.

Free essay writing tutorials for students.

Booty Bingo

New Look Bingo

Mummies Bingo

M Jackpots

(C) 2006-2017 TechAmok
All Rights Reserved.

Google reportedly tried to buy Snapchat for $30 billion - TechAmok

Google reportedly tried to buy Snapchat for $30 billion - [briefly]
05:21 PM EDT - Aug,04 2017 - post a comment

Despite being a tech industry juggernaut, Google has never had much success with its social media endeavors. After Google+ and Buzz proved to be duds, it seems the search giant went after a company that was already well established: Snap, the firm behind Snapchat. Business Insider's Alex Heath reports that Google started informal discussions about buying Snap just before its Series F funding round in May 2016, which valued the company at $20 billion. One source says more talks about acquiring the firm took place just ahead of its IPO in March this year, and that the $30 billion figure had been on the table since the Initial Public Offering. This wouldn't be the first big organization Google has reportedly shown interest in acquiring. Spotify, SoundCloud, Twitch, and even Twitter were rumored to have been previous potential acquisitions, but they all came to nothing. Speaking about any formal discussions that may have taken place, a Snap representative told Business Insider these rumors are false. Google, meanwhile, declined to comment.

If Google really did make inquiries about buying snap for $30 billion and the company turned it down, the news could be a bitter pill to swallow for employees and investors. Snap's share price has plummeted to around $12.50, and it now has a market cap of about $14 billion, much lower than its $24 billion IPO valuation.

Add your comment (free registrationrequired)

Short overview of recent news articles

Oct,20 2017 The Latest Trailer For 'Blue Planet II'
Oct,20 2017 Tearing Up a Perfectly Good Pixel 2 XL
Oct,19 2017 AlphaGo Zero Learns to Play Go from Scratch with No Human Data
Oct,19 2017 Marvel's The Punisher: Official Trailer 2
Oct,19 2017 Google Pixel Phones Have Hidden Image Processor
Oct,19 2017 Google Testing 3rd-Party Email Access in iOS Gmail App
Oct,19 2017 Samsung Says Bixby 2.0 to Be Open and Ubiquitous
Oct,19 2017 Samsung Embraces Google's ARCore for Augmented Reality
Oct,19 2017 Gigi Hadid Takes You To Her Wet, Tahitian Paradise
Oct,17 2017 The Future of PC Case Mods: Dancing Anime Girls
Oct,17 2017 Intel Unveils the Nervana Neural Network Processor
Oct,17 2017 Windows 10 Fall Creators Update is now available everyone
Oct,17 2017 Julianne Hough Does Health Magazine Good!
Oct,16 2017 Researchers Say WiFi Vulnerability Impacts Nearly Everything
Oct,16 2017 Huawei Hopes AI-Assisted Camera Will Set Mate 10, Mate 10 Pro Apart
Oct,16 2017 The Final Trailer For 'Stranger Things'
Oct,16 2017 Marvel Studios' Black Panther - Official Trailer
Oct,14 2017 All iPhone Models in 2018 Likely to Abandon Fingerprint Recognition
>> News Archive <<

TechAmok - Privacy Policy        loading time:0.01secs