Google is to invest in the new messaging start - up , Symphony , a rival to Facebook . Though terms of the investment have not been released , the Wall Street Journal says the deal will value Symphony at $ 650 m . Symphony has now been backed to several large investment banks including Goldman Sachs , Bank of America and JP Morgan , which together have so far paid $ 500 m .
Google is to invest in the new messaging start-up, Symphony, a rival to Bloomberg. Though terms of the investment have not been released, the Wall Street Journal says the deal will value Symphony at $650m. Symphony has now been backed to 15 large US banks including Goldman Sachs, Bank of America and JP Morgan, which together have so far paid $66m.