Facebook takes over WhatsApp Messaging App for $12 billion in Stock and $4 billion in Cash and an additional $3 billion in restricted stock units that will be granted to WhatsApp’s founders and employees vesting over the next four years.
Facebook CEO Mark Zukerberg posted a Facebook update about WhatsApp acquisition. “WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable,” Facebook CEO Mark Zuckerberg said in a statement. “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.”
WhatsApp co-founder and CEO Jan Koum will join Facebook's Board of Directors. WhatsApp has built a leading and rapidly growing real-time mobile messaging service, with over 450 million people using the service each month. 70% of those people active on a given day. Messaging volume approaching the entire global telecom SMS volume.
Continued to strong growth, currently adding more than 1 million new registered users per day.
Jan Koum, WhatsApp co-founder and CEO, said, “WhatsApp's extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide. We're excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world.”
As per the deal, WhatsApp's headquarters will remain in Mountain View, CA.
If the deal fails of aquiring WhatsApp, Facebook has to pay a breakup fee of $1 billion in cash to WhatsApp.
0 comments:
Post a Comment