Report: Apple mulled Square acquisition | iLounge News


Report: Apple mulled Square acquisition

Apple considered making an acquisition offer for Square in the past year, Re/Code reports. Google also thought about making an offer for the payment company, but Square CEO Jack Dorsey reportedly favors Apple. Dorsey believes Apple’s aesthetics and values align more closely with Square, and he was also reportedly “put off” by Google when the company engaged in acquisition talks with his prior company, Twitter. “Jack does not want to sell to Google,” a source said.

An offer around $8 billion would “get Dorsey and the board’s attention,” the report notes, though sources doubt Square could receive such an lucrative offer at the moment. Apple and Square both declined comment.


« Apple Human Interface VP Greg Christie leaving company

Apps: Captain America: The Winter Soldier, NBC 2.5.1, Sago Mini Monsters + Square Cash 1.3 »

Related Stories

Sign up for the iLounge Weekly Newsletter


Recent News

Recent Reviews

Recent Articles

Sign up for the iLounge Weekly Newsletter


iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2015 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy