Google is to invest in the new messaging start - up , Symphony , a rival to Facebook . Financial institutions began reexamining their relationship with Bloomberg after its reporters were caught spying on terminal customers. 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 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 .