Faceboook recently announces their plans to acquire a mobile messenging app - WhatsApp. Last February 19, 2014 - Facebook announced that it has received a definitive agreement to acquire WhatsApp which is a rapidly growing cross-platform mobile messaging company.
Facebook and WhatsApp agreed to be in total of $16 billion - including 4 billion in cash and approximately $12 billion worth of Facebook shares. Also in this agreement, it will include additional $3 billion on restricted stocks units to be granted to WhatsApp founders and employees.
The said reason on why Facebook decided to buy WhatsApp is:
- Over 450 million people using the service each month;
- 70% of those people active on a given day;
- M-essaging volume approaching the entire global telecom SMS volume; and
- Continued strong growth, currently adding more than 1 million new registered users per day.
Additional reasons and details are:
- Acquisition accelerates Facebook's ability to bring connectivity and utility to the world
- Leading mobile messaging company will continue to operate independently and retain its brand
- WhatsApp co-founder and CEO Jan Koum to join Facebook Board of Directors
In case you haven't tried the app, you can download and install WhatsApp on the following app stores:
- Google Play: https://play.google.com/store/apps/details?id=com.whatsapp
- Apple Store: https://itunes.apple.com/ph/app/whatsapp-messenger/id310633997?mt=8
- Windows Store: http://www.windowsphone.com/en-us/store/app/whatsapp/218a0ebb-1585-4c7e-a9ec-054cf4569a79
- Blackerry World: https://appworld.blackberry.com/webstore/content/2360/