Facebook Buys Messaging Service WhatsApp in $19 Billion Deal Offer its was not real surprising for me WhatsApp done well in last few years to gain mass popularity in entire world and not only that WhatsApp is been used by nearly every smartphone in the world I believe it doesn’t matter its Windows Mobile / Android Mobile or Apple.
Facebook said Wednesday they were buying the fast-growing mobile messaging service WhatsApp for more than $19 billion in cash and stock, expanding the global footprint of the social networking giant.
The purchase includes $12 billion in Facebook shares and $4 billion cash. It calls for an additional $3 billion in restricted stock units to be granted to WhatsApp founders and employees that will vest over four years.
It is Facebook’s biggest acquisition and comes less than two years after Mark Zuckerberg’s firm raised $16 billion in the richest tech sector public stock offering.
“The acquisition supports Facebook and WhatsApp’s shared mission to bring more connectivity and utility to the world by delivering core Internet services efficiently and affordably,” Facebook said in a statement.
Facebook reportedly sought to acquire another hot messaging firm, Snapchat, for $3 billion last year.
“WhatsApp is on a path to connect one billion people. The services that reach that milestone are all incredibly valuable,” said Zuckerberg, Facebook’ founder and chief executive.
“I’ve known (WhatsApp founder) Jan (Koum) for a long time, and I’m excited to partner with him and his team to make the world more open and connected.”
WhatsApp is a cross-platform mobile app that allows users to exchange messages without having to pay telecom charges they are only using the internet bandwidth. WhatsApp is Free Full One Year for every new user and after that they ask for 1$ per year retain the WhatsApp Services which is really cheap and handy for great service like WhatsApp.
“Almost five years ago we started WhatsApp with a simple mission: building a cool product used globally by everybody. Nothing else mattered to us,” Koum said in a blog post.
“Today we are announcing a partnership with Facebook that will allow us to continue on that simple mission.
“Doing this will give WhatsApp the flexibility to grow and expand, while giving me, (co-founder) Brian (Acton), and the rest of our team more time to focus on building a communications service that’s as fast, affordable and personal as possible.”