Square Inc has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash, the Wall Street Journal reported, citing people familiar with the matter. The company spoke to Google Inc earlier this year about a possible sale, the Journal reported, adding that it wasn't clear whether the talks are continuing.Square, founded in 2009 by Jack Dorsey, co-creator of Twitter Inc, will likely fetch billions of dollars in a sale. Square insiders sold shares earlier this year on the secondary market, valuing the company at roughly $5.2 billion, the Journal said. (r.reuters.com/san68v)The company recorded a loss of about $100 million in 2013, the Journal said, adding that the startup has consumed more than half of the roughly $340 million it raised from at least four rounds of equity financing since 2009.Square makes credit card readers that slot into smartphones such as Apple Inc's iPhone.
Google Inc. (Google), is a global technology company. Shares of GOOG fell by 3.67% or $-20.44/share to $536.10. In the past year, the shares have traded as low as $518.46 and as high as $604.83. On average, 3033360 shares of GOOG exchange hands on a given day and today's volume is recorded at 6795393.
Twitter, Inc. (Twitter), is a global platform for public self-expression and conversation in real time. Shares of TWTR traded higher by 1.33% or $0.59/share to $45.01. In the past year, the shares have traded as low as $38.80 and as high as $74.73. On average, 13295100 shares of TWTR exchange hands on a given day and today's volume is recorded at 12308119.
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