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Report: Square Plans Sale as Losses Widen

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. (http://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.Square also had informal discus...

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  1. Report: Barclays to Exit Major Commodities Areas

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  3. Stocks Open Lower; Google, IBM Weigh On Sentiment

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