Friday, August 4, 2017

Google Wanted To Buy Snapchat For $30 Billion

   
    This reminds me of Davido's "IF" track where he shouted "30 Billion for the account ooo🎶". Well reports has it that Google wanted to buy Snapchat for $30 Billion.


It looks like Google and Facebook want to own and control virtually everything on the internet. Recall that Facebook acquired WhatsApp, Instagram and even went ahead to buy LinkedIn. Now, Google, who owns almost everything in the internet including Gmail, Blogger, Adsense, Google Map, Search Console, Gcalender, Gboard, Allo, etc no now want to acquire Snapchat of all people. Hmmmm... Isokay.

Snapchat, officially called Snap Inc., filed for IPO early on in March of this year. The company went public and would now has the capital of the public to lend financial support. However, a report from Business Insider says that Google verbally discussed the acquisition of Snapchat with Snap Inc. CEO Evan Spiegel.

The offer was for $30 billion and the discussions happened far before the company filed for IPO: early 2016. Google’s offer was apparently still on the table even after Snap Inc. went public. Of course, Spiegel did not budge, he did not want to sell out. In fact, only he and Snap Inc. co-founder Bobby Murphy are the only ones who can make major decisions for the company so public backers don't have any say about it, even if they wanted to.


Even though Snap told Business Insider that “these rumors are false,” and Google declined to comment, this piece of news bumped Snap Inc.’s stock price by 2.3% today following weeks of steady decline.

Google would be an excellent parent company for Snapchat in the marketing front. Let’s face it, Snapchat’s curated and sponsored content sections could use a lot of improvement. Either way, Snap CEO Spiegel is the type of person who likes to call the shots and probably wouldn’t want to answer to someone else, particularly since Snapchat is his baby.

Still, Google’s relationship with Snapchat remains close. In fact, Google’s investment arm put money on Snapchat after it went public, and Snap (one of Google Cloud’s largest customers) has vowed to spend $2 billion on Google Cloud, which is the platform that Snapchat runs on.

Still, it would have been really cool to see a fusion of technologies between Snapchat’s spectacles and Google Glass. Snap’s AR technology would definitely be a great asset to Google’s development of Glass.
   
   
   
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9 comments:

  1. Thanks for getting informed and educated from this article but let's wait and see as the events unfolds

    ReplyDelete
  2. Google BIG Name just like davido song 30 billion for the Account

    ReplyDelete
  3. It's a good thing snapchat rejected the offer, monopoly is a bad for business.

    ReplyDelete
    Replies
    1. As for me if Google buy the app they will make it better Snapchat Is very boring for my liking

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  4. lolz.. m just wondering y d rejected d offer when i don't even use d app sef..
    abeg make una try price 2go nah cos i still d use am, atleast i believe say wen una buy am upgrade en plenty features go fall on am..

    ReplyDelete
    Replies
    1. 2go has been upgraded of recent and I'm also agreeing with you here since more features will be added.

      Delete
    2. Wow you still use 2go Eteng

      Well I think what you said is a good idea if the app is been achieved by Google more features will then pop up making some old users like me to download or may be probably start using the app

      Delete
  5. Let Google buy it thats my own point of view

    ReplyDelete

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