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Snap Signed Five-Year, $2 Billion Deal to Use Google’s Cloud

  • Terms were shared in the social company’s IPO filing
  • Snap’s committment marks a win for Google against Amazon
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Snap’s IPO Filing Unveils $2B Google Cloud Deal

Snap Inc. plans to spend $2 billion with Alphabet Inc. over the next five years to use Google’s cloud-computing services, according to Snap’s initial public offering filing. The social media firm also listed its dependency on Google as a key risk investors should consider before buying stock.

Snap, owner of the Snapchat mobile app, said it relies on Google’s services for the "vast majority" of its computing, bandwidth and data-storage needs. "Any disruption of or interference with our use of the Google Cloud operation would negatively affect our operations and seriously harm our business," the company wrote in the filing on Thursday.