8 Aug 2017

Did you know that Google offered to buy Snapchat for $30 billion

Sometime in 2016, Google held informal talks with Snap and floated an offer of $30 billion in 2016 before Snap’s last funding round, and just before its IPO this year. But Snap’s CEO Evan Spiegel has apparently showed no interest in selling out to Google or anyone else.

Google’s growth-stage investment fund CapitalG invested in Snap after the 2016 talks were futile. The two tech giants are long have long buddies with Google chairman Eric Schmidt was an adviser to Spiegel, Snap runs Google’s office software suite and Snapchat has committed to spending $2 billion on Google Cloud hosting over the next five years.