Google offered USD 30 billion to acquire Snap Inc in 2016: Report

Search engine giant Google had offered USD 30 billion to buy Snap Inc, the parent company of popular messaging app Snapchat, in 2016 and a similar offer is still open, a media report said.
Image used for representational purpose only. | Reuters File Photo
Image used for representational purpose only. | Reuters File Photo

SAN FRANCISCO: Search engine giant Google had offered USD 30 billion to buy Snap Inc, the parent company of popular messaging app Snapchat, in 2016 and a similar offer is still open, a media report said.

Google had held informal dialogue with Snap and floated an offer of USD 30 billion before the latter's last funding round, said a report in Business Insider on Thursday.

Snap's CEO Evan Spiegel, who is widely considered as being independent, apparently did not show interest in selling his firm to Google or anybody else.

Spiegel also values running Snap in Southern California and outside of Silicon Valley, where Alphabet -- Google's parent company is headquartered.

Earlier, in 2013, Google was rumoured to have been tried to acquire Snapchat for USD 4 billion after Spiegel refused an offer from Facebook CEO Mark Zuckerberg, the report added.

Snap Inc is set to announce earnings report next week.

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