Did Snapchat turn down a $30 billion offer from Google? While neither company will publicly confirm whether the offer was discussed, this rumor has been circulating in the tech world and, according to Business Insider, has resurfaced in the last several days.
A representative for Snapchat told the outlet that as far as a formal buyout discussion, “these rumors are false.” However, their report cites three people either inside or close to the company each separately confirming both the offer and the offer amount calling it an “open secret” amongst Snapchat’s upper management and certain circles in the tech industry.
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Since neither Google nor Snapchat has confirmed that this offer was on the table even in an informal capacity, it is unknown how serious the talks were about a potential buyout. Within the industry informal discussions of this nature are common.
The two tech companies have quite a close relationship, both in and out of the office. Snapchat is one of the largest users of…