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.