Sunday, February 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Fujitsu to Showcase Quantum-Inspired, Digital Annealer Computational Architecture at Mobile World Congress 2018
Investors and Consumers Sued Intel Over Meltdown and Spectre CPU Security Flaws
Belgian Court Fines Facebook Over Users Tracking
Beocreate 4 Channel Amplifier Will Make Your Vintage Speakers Smart
Qualcomm is Seeking for a Better Offer From Broadcom
Uber Introduces New Safety Features
Apple to Fix the Telugu Bug in iPhones
Sony Lowers PlayStation VR Price to $199
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, February 20, 2014
Facebook to Acquire WhatsApp For $16 Billion


Facebook has reached a definitive agreement to acquire WhatsApp, a growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares.

The agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp's founders and employees that will vest over four years subsequent to closing.

WhatsApp has built a real-time mobile messaging service with over 450 million people using the service each month. Its messaging volume is approaching the entire global telecom SMS volume and it is currently adding more than 1 million new registered users per day.

"WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," said Mark Zuckerberg, Facebook founder and CEO. "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."

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."

Facebook said that WhatsApp's brand will be maintained; its headquarters will remain in Mountain View, CA; Jan Koum will join Facebook?s Board of Directors; and WhatsApp's core messaging product and Facebook's existing Messenger app will continue to operate as standalone applications.

The deal provides Facebook entree to new users who eschew the mainstream social networks but prefer WhatsApp and rivals.

Google had also offered to buy WhatsApp for $10 billion, according to a Fortune report.




Previous
Next
LG Introduces The G2 Mini Smartphone        All News        Chinese Maker Unveils The World's Thinnest Smartphone
New Toshiba Application Processors Support Wirelesss Video Connectivity     General Computing News      Google Fiber Coming In More U.S. Cities

Get RSS feed Easy Print E-Mail this Message

Related News
Belgian Court Fines Facebook Over Users Tracking
Social Media Need to Do More to Comply With EU consumer Rules
German Court Rules Facebook Cannot Use Personal Data
Facebook Announces $10 Million Community Leader Awards
German Cartel Authority Launches Inquiry Into Online Advertising Sector
Facebook's User Engagement and Growth Dip
Facebook Will Stop Showing Cryptocurrency-related Ads
Facebook to Prioritize Local News: Zuckerberg
Facebook Focuses on Privacy Ahead of EU Law
EU Court Rules Against Facebook Class Action
Facebook to Give users More Privacy Controls
Facebook Admits it Could Harm Democracy

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .