Facebook buys most popular messaging app Whatsapp for $16 billion, According to the filing with the SEC. Purchase, $4 billion in cash plus $12 billion in Facebook shares and $3 billion in employee stock benefits.
Facebook buys most
popular messaging app Whatsapp for $16 billion, According to the filing with
the SEC. Purchase, $4 billion in cash plus $12 billion in Facebook shares and $3
billion in employee stock benefits, WhatsApp founder Jan Koum, join Facebook as
a board of directors to shape Facebook's future as well as
WhatsApp's. WhatsApp Messenger popular cross -platform messaging application
that allows users to chat with individuals or groups, as well as sending
pictures, videos and files back and forth.
WhatsApp had 400
million active users and 100 million added in the last four months of the 2013,
Back in April 2013, it was rumored Google that was close to acquiring the
company $1 billion - something denied WhatsApp. Today’s sale price Reflect the company’s
tremendous growth over the past few months.
The service is one of a
number of messaging services available on iOS, Windows, Android and other
mobile platforms, including Apple’s own iMessage service integrated into iOS
and OS X. The services are increasing becoming popular as consumers shy away
from mobile carriers SMS fees and expand their conversations involve devices
directly connected to a mobile service.
Mark Zuckerberg expanded in a post on Facebook wall:
“Our mission is to make the world more open and
connected. We do this by building services that help people share any type of
content with any group of people they want. WhatsApp will help us do this by
continuing to develop a service that people around the world love to use every
day.
WhatsApp will complement our existing chat and
messaging services to provide new tools for our community. Facebook Messenger
is widely used for chatting with your Facebook friends, and WhatsApp for
communicating with all of your contacts and small groups of people. Since
WhatsApp and Messenger serve such different and important uses, we will
continue investing in both and making them each great products for everyone.”
