TechCrunch is reporting today that Apple and mobile payment processor Square were briefly in talks about a possible acqusition. The talks didn’t get far, it seems, as the two companies couldn’t reach an agreement on how much Square was actually worth. Eventually, Square walked away:

Separately, TechCrunch has heard that Square and Apple were in acquisition talks, but that Square walked away. Apple wanted the company to come aboard, but the discussed price was a sticking point: Apple wanted to buy Square for around $3 billion, one source said. Square, valued at the time at a firm 66 percent delta to that price point, declined to accept.

It’s interesting to consider what Apple Pay might have looked like if the merger had gone through. You can read the more over at TechCrunch.

About the Author

Mike Beasley's favorite gear