“With losses widening and cash shrinking, representatives of mobile-payments startup Square Inc. have discussed a possible sale to several deeper-pocketed rivals, according to people familiar with the matter,” Alistair Barr, Douglas Macmillan and Evelyn M. Rusli report for The Wall Street Journal.
“Google Inc. discussed a possible acquisition of Square earlier this year, according to three people familiar with the matter. Those talks followed a meeting in 2012 between top Google and Square executives to discuss a possible takeover, according to two people familiar with the matter. It isn’t clear whether the talks are continuing,” Barr, Macmillan and Rusli report. “Square also had informal discussions about a deal with Apple Inc. and eBay Inc.’s PayPal in the past, according to people familiar with those situations. Those conversations never developed into serious talks.”
“Square recorded a loss of roughly $100 million in 2013, broader than its loss in 2012, according to two people familiar with the matter,” Barr, Macmillan and Rusli report. “A spokesman for Square said, ‘We are not, nor have we ever been in acquisition talks with Google.’ He added, “While we appreciate that Square may be an attractive target for some companies, we have never seriously considered selling to anyone or been in any talks to do so.'”
Much more in the full article here.