Snapchat — a photo app company started two-and-a-half years ago by two college students — reportedly just turned down an offer from Google of $4 billion. That’s about half the market capitalization of Nikon Corp.
“After Facebook offered $3B Google offered $4B but @evanspiegel said no!”
— Om Malik, on Twitter, Nov 14, 2013
“As the Wall Street Journal reported yesterday, Facebook offered $3 billion all cash, but Zuckerberg was spurned. (Our source said $3.5 billion, plus earnouts.) Spiegel took that offer to Google and Google matched the terms. Ultimately, however, Young Spiegel decided to wait and raise funding next year instead.”
— Nitasha Tiku on Valleywag, Nov 14, 2013
Related
Sources: Valleywag via The Verge, Wikipedia. Image: Snapchat.
