Sunday, September 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Russian Firm Unveils 'surveillance-proof' Smartphone
Intel Kills Project Alloy VR Headset
New 4K Apple TV will Only Stream iTunes 4K Content
China-backed Canyon Bridge Buys Imagination for £550 million
iPhone 8 Teardown
Uber Lost License to Operate in London
Globalfoundries Asks EU to Probe TSMC
Facebook to Provide Congress With Ads Linked to Russian Internet Research Agency
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
Facebook to Provide Congress With Ads Linked to Russian Internet Research Agency
Facebook Opens AI Research in Montreal
Facebook Limits Ad Targeting Features Based on Religion, Education
Facebook Introduces New Rules on Advertising
Google Appeals Against EU Anti-trust Fine, Facebook Fined 1.2 Million Euros
Facebook Ad Statistics Differ From Census Data
Facebook could charge businesses for WhatsApp
Facebook Wants to "Steal" Some Ad Dollars from Youtube
Facebook to Block Ads from Pages that Share False News
Facebook Tests News Stories Customized to Users' Interests
Facebook Marketplace Expands to Europe
Facebook Tests The Waters in China With Unbranded Software App

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .