Google (GOOG) Exec Said it Never Bid for WhatsApp (FB)
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Google, Inc. (NASDAQ: GOOG) Senior Vice President Sundar Pichai said the company didn't bid for WhatsApp, which sold to Facebook (NASDAQ: FB) for $19 billion, according to reports from the Telegraph.
"Whatsapp was definitely an exciting product," Pichai said at the Mobile World Congress in Barcelona. "We never made an offer to acquire them. Press reports to the contrary are simply untrue."
This disclosure could be construed as a negative for Facebook, as the $19 billion price tag has been a concern for some investors and analysts. However, the valuation concern was brushed off by others that suggested Google would have paid this price if Facebook didn't.
"Whatsapp was definitely an exciting product," Pichai said at the Mobile World Congress in Barcelona. "We never made an offer to acquire them. Press reports to the contrary are simply untrue."
This disclosure could be construed as a negative for Facebook, as the $19 billion price tag has been a concern for some investors and analysts. However, the valuation concern was brushed off by others that suggested Google would have paid this price if Facebook didn't.
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