The reports say Google offered $4 billion in cash, but the search giant was also rebuffed.
It appears that Snapchat CEO Evan Spiegel believes the company's growth is so exponential that it is worth more than $4 billion in the future. Spiegel had originally looked to Google for "a strategic investment" in the app.
Google would have left the app as a standalone, the same way Facebook did with Instagram after purchasing it for over $1 billion last year.
Snapchat is currently in a funding round that would value the company at around $3.8 billion.
Written by: Andre Yoskowitz @ 16 Nov 2013 12:30