Mobile-payments firm Square discusses possible sale

With losses widening and cash shrinking, representatives of mobile-payments startup Square Inc. have discussed a possible sale to several deeper-pocketed rivals, according to people familiar with the matter.

The Wall Street Journal reports discussions could be in the works with the likes of Google and Apple.

The five-year-old company, co-founded by Jack Dorsey - a co-founder of Twitter - reportedly paid out roughly $110 million more in cash last year than it took in. Square recorded a loss of $100 million in 2013, the report states.

Read more from the Wall Street Journal.