I can believe Google made the offer and it was rebuffed. But, I think the price paid here suggests there were other bidders. And, while an acquirer making an o

I can believe Google made the offer and it was rebuffed. But, I think the price paid here suggests there were other bidders. And, while an acquirer making an offer may want to enforce a 'no shop' agreement, the acquisition target usually wants more bidders. (Does Sequoia keep secrets from Google, when a Google bid could maximize their return?) So I'd guess Google knew WhatsApp was discussing acquisitions. I'd love to hear more definitively about how these competing priorities play out in a real high-stakes acquisition negotiation. (Could a Facebook, via a early rich term sheet, cajole a 'no shop' agreement from a target and expect it to stick?)