Videos

Google Reportedly Offered Snapchat More Money Than Facebook

wochit technology
|
November 15, 2013 AT 4:25 AM
It seems that Facebook may not be the only Silicon Valley giant that has been beguiled by the gone-in-several-seconds photo app Snapchat. Following rumors that Facebook offered to acquire the app for $3 billion , a report from Valleywag says Google made an even bigger offer . According to the report, which cites sources familiar with the deal, Tencent was the first suitor to value Snapchat at $3 billion to $4 billion. Google, which had been approached for "strategic investment" at around the same time, heard about Tencent's interest in Snapchat, and decided to top the Facebook offer.