Thursday, October 20, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Razer Unveils The New Razer Blade Pro Gaming Notebook
Nintendo NX Will Be Called Switch, Coming In March 2017
Samsung Could Use LG Chem batteries For Future Smartphones
Yahoo Asks U.S. Intelligence Authorities To Explain Email Scanning Order
Chinese LeEco Showcases TV, Smartphone And Self-driving Car In San Francisco
Fujitsu Develops New Architecture that Rivals Quantum Computers
Acer 24-Inch WQHD Predator Monitor Features ZeroFrame Design, 144Hz Refresh Rate With up to 165Hz Overclocking
Kodak Releases The KODAKEKTRA Smartphone Camera Hybrid
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.

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
Facebook Makes It Easier To Use Recommendations, Find Local Events, Order Food
Facebook Makes Workplace App Available To All Companies
Events From Facebook App Will Arrange Your Saturday Night Plans, And More
Facebook Introduces Messenger Lite And 'Marketplace' on New App
Youtube, Facebook Expand Their Initiatives To Combat Hate Speech
Could Facebook Develop A Modular Smartphone?
Facebook Messenger Gets Payment Capabilities
Facebook Adds Instant Video To Messenger
Facebook To Bring Rural Internet Access For Africa
Facebook 'Trending' To Rely Less On Humans
Facebook To Use Personal Data From WhatsApp To Bring You Personalized Ads
Facebook Ads To Bypass Ad Blocking

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .