Thursday 20 February 2014


Mobile messaging company WhatsApp is to be purchased by the social media giant Facebook in a $19bn (£11bn) deal, it was revealed last night.
Facebook announced it is to pay $4bn in cash with a further $12bn coming in stock. An additional $3bn in restricted stock will be granted to WhatsApp’s founders and employeed over four years.

The acquisition of WhatsApp was, according to Facebook, to speed up the company’s “ability to bring connectivity and utility to the world”. As part of the deal Jan Koum, the WhatsApp founder and chief executive, is to join the Facebook board.

Mark Zuckerberg, Facebook founder and CEO, said in a statement as the purchase was announced: "WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable.
"I've known Jan for a long time and I'm excited to partner with him and his team to make the world more open and connected."

reference: belfasttelegraph

1 comment:

  1. thanks for sharing this information its really helps me and i am also share on this article how facebook going to use whats app data...