Google Planning To Acquire Snap Inc

Google had offered $30 billion to buy Snap Inc which is the parent company of Famous Messaging App, Snapchat.

As per the report on Thursday, Google had an informal talk with Snap Inc and offered $30 billion before the latter’s last funding round.

Evan Thomas Spiegel, the co founder and the CEO of the American multinational technology and social media company Snap Inc, did not show interest in selling his firm to Google or anybody else.

Evan Spiegel values running Snap in Southern California and outside of Silicon Valley.

According to the sources, earlier in the year 2013, Spiegel refused an offer from Facebook CEO, Mark Zuckerberg after which Google tried to acquire Snapchat for $4 billion.

Next week, Snap Inc is set to declare its earnings report.