They say that money can do anything, however, today we bring you new proof that this is not always true. Google is one of the largest companies in the world and this means that it has an “insulting” amount of cash ready to, for example, be invested in new acquisitions.
Thus, as published by the Business Insider medium, last year Google wanted to buy Snapchat reaching 30.000 million dollars however Snap, the company behind this popular service and which was actually Google's object of desire, said NO with the same resounding that it said to FaceBook some time ago.
Not $ 30.000 billion was enough to buy Snapchat
According to the insights Published by Business Insider, the $ 30.000 billion deal was an "open secret" between the members and some of the top executives of the Snap company. The talks likely occurred in May 2016 when Snap opened a new round of private funding, especially striking that “CapitalG” participated in said round, an investment firm that was ultimately run by Alphabet.
On the other hand, it seems that in March of this year there were talks again intending to buy Snapchat when Snap made an initial public offering (IPO) on the New York Stock Exchange however, these conversations frequently happen in the framework of funding rounds and IPOs, so it cannot be known if they reached an IPO. remarkable seriousness.
The fact that Google has tried to buy Snapchat should not be surprising since it has already tried and, on occasions, even bought other companies, from Spotify to Souncloud or Twitch, among others. What is really striking is the amount of the purchase, 30.000 million, who is twice the value that the company currently has.
Snap has denied the rumors while Google has not responded to the demands for a statement made by the media, so, perhaps, that principle of agreement never came to pass or, at least, not in these terms.