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 to acquire WhatsApp for $16 Billion in total


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.


Facebook to acquire WhatsApp for $16 Billion in total!


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



Facebook to acquire WhatsApp for $16 Billion in total


Download

In case you haven't tried the app, you can download and install WhatsApp on the following app stores:


Source

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