Google Reportedly Sought to Buy Impossible Foods for Up to $300M

Internet search engine giant Google (GOOG) reportedly made an offer to acquire start-up Impossible Foods for between $200 million to $300 million.
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Internet search engine giant Google (GOOG) reportedly made an offer to acquire start-up Impossible Foods for between $200 million to $300 million. Impossible Foods, which uses plants to make meats and cheeses aimed at tasting like the real thing, says its mission is to give people the great taste and nutritional benefits of foods that come from animals without a negative impact on health and the environment. The company has a goal of not only making healthier food options but a source of food that is more sustainable. It's said to be backed by financing from Microsoft (MSFT) co-founder Bill Gates and several venture-capital firms. Google and Impossible Foods could not come to an agreement on a price for a potential deal, causing it to fall through, according to a report by The Information. It's unclear at this time for what purposes Google would have used the acquisition of Impossible Foods as well as whether any discussions between the two companies are still ongoing. Google did not respond to our request for comment.