Facebook aquiring popular multiplatform mobile messaging application ‘Whatsapp’ for $19 billion
Facebook INC can purchase aggressive mobile-messaging startup WhatsApp for $19 billion in money and stock during a landmark deal that places the world’s largest social network nearer to the center of mobile communications and will bring younger users into the fold.
The group action involves $4 billion in money, $12 billion available and $3 billion in restricted stock that vests over many years. The WhatsApp deal is price quite Facebook raised in its own commercialism and underscores the social network’s determination to win the marketplace for electronic communication.
Founded by a Ukrainian migrator WHO born out of school, Jan Koum, and a Stanford student, Brian Acton, WhatsApp may be a geographical area startup fairy tale, rocketing to 450 million users in 5 years and adding another million daily.
“No one within the history of the planet has ever done one thing like this,” Facebook Chief govt Mark Zuckerberg aforesaid on a phone call on weekday.
Zuckerberg, WHO splendidly closed a $1 billion deal to shop for photo-sharing service Instagram over a weekend in mid-2012, discovered on weekday that he projected the tie-up over dinner with business executive Koum simply ten days earlier, on the night of February nine.
WhatsApp was the leader among a wave of smartphone-based electronic communication apps that area unit currently sweeping across North America, Asia and Europe. though WhatsApp has adhered strictly to its core practicality of mimicking texting, other apps, like Line in Japan or Tencent Holdings Ltd’s WeChat, provide games or perhaps e-commerce on prime of their well-liked electronic communication options