Whatsapp to be acquired by Facebook

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The start of 19th February 2014 was not just about a normal day. Every tabloids whether international or national and every social networking sites such as Facebook and Twitter was painted with “Facebook acquiring Whatsapp for $19 billion”. It is known that Facebook has agreed to acquire WhatsApp for approximately $19 billion, which includes $4 billion in cash, about $12 billion worth of Facebook shares,  and an additional $3 billion in restricted stock which is to be granted to WhatsApp’s founders and staffs.

WhatsApp has more than 450 million users a month and nearly 1 million sign-ups daily, according to Facebook. Whatsapp is a proprietarycross-platform instant messaging subscription service for smartphones. In addition to text messaging, users can send each other images, video, and audio media messages as well as their location using integrated mapping features. The client software is available for Google AndroidBlackBerry OS, Apple iOS, selected Nokia Series 40Symbian, selected Nokia Asha platform, Microsoft Windows Phone and BlackBerry 10. WhatsApp Inc. was founded in 2009 by Americans Brian Acton and Jan Koum (also the CEO), both former employees of Yahoo!, and is based in Mountain View, California.

Facebook said it would keep WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.3 million.The social media giant also said WhatsApp co-founder and CEO Jan Koum would join Facebook’s board.

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One thought on “Whatsapp to be acquired by Facebook

  1. Pingback: Whatsapp to be acquired by Facebook | financetube

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