Facebook to Acquire WhatsApp | FinestAndroid.com

WhatsappFacebook social network is reportedly buying messaging app “WhatsApp” at an agreement of $16 billion in cash and stock, plus an extra $3 billion or so in stock in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing. Waking on this news, has surprised many as people as no one could have thought of such a deal.

Facebook says that it has reached a definitive agreement to acquire “WhatsApp”, a rapidly growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares.

As there are hundreds of messaging apps across mobile platforms, WhatsApp has built a leading and rapidly growing real-time mobile messaging service. The app sees over 450 million people who use the service regularly each month; 7 out of every 10  people are active on a given day; Messaging volume approaching the entire global telecom SMS volume; and Continued strong growth, currently adding more than 1 million new registered users per day.

Facebook says that WhatsApp will continue operating as a separate product with its own app and no unnecessary Facebook integration or ads. However, the acquisition accelerates Facebook’s ability to bring connectivity and utility to the world. This move lets WhatsApp co-founder and CEO Jan Koum to join Facebook Board of Directors.

Mark Zuckerberg, Facebook founder and CEO was quoted:

“WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable,” said Mark Zuckerberg, Facebook founder and CEO. “I’ve known Jan for a long time and I’m excited to partner with him and his team to make the world more open and connected.”

Whatsapp app was created five years ago, with the goal to be used by everybody in the world. All along the app has remain ad-free and subsist only on small subscription fees of $0.99 unually from its enthusiastic user base. The app has made sending text, picture, and audio/video messages so easy and effortless among WhatsApp users save on your contacts.

Jan Koum, WhatsApp co-founder and CEO, was so extremely excited to partner with Facebook after an agreement and had this to say, “WhatsApp’s extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide. We’re excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world.”

As we wait to see how things will turn out now that the two companies have joined hands, we believe its for the best. Here is a couple of Whatsapp portrait screenshots:


SOURCE: Facebook Newsroom


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