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Google Recently Studied Square Acquisition

Google Recently Studied Square Acquisition
Google CEO Larry Page. Credit: Reuters

Google recently pondered an acquisition of payment company Square, according to two people briefed on the company’s thinking.

The companies aren’t currently discussing a deal, according to another person familiar with the matter, and it is unclear whether Google, which has been on an M&A binge, is continuing to pursue the idea. But Google’s thinking is notable. An acquisition of the startup, which was recently valued by investors at $5 billion, would represent a big plunge into payments for Google and a change in strategy for Square, founded by Twitter co-founder Jack Dorsey, which has been eyeing an IPO.

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