TechCrunch is reporting today that Apple and cellular cost processor Square have been briefly in talks a few attainable acqusition. The talks didn’t get far, it appears, as the 2 corporations couldn’t attain an settlement on how a lot Square was truly value. Eventually, Square walked away:
Separately, TechCrunch has heard that Square and Apple have been in acquisition talks, however that Square walked away. Apple needed the corporate to return aboard, however the mentioned worth was a sticking level: Apple needed to purchase Square for round $A billion, one supply stated. Square, valued on the time at a agency sixty six % delta to that worth level, declined to simply accept.
It’s fascinating to think about what Apple Pay may need seemed like if the merger had gone by way of. You can learn the extra over at TechCrunch.
Filed beneath: AAPL Company Tagged: acquisition, Apple, Apple pay, mobile payments, Square