Facebook to buy WhatsApp for $19 Billion
The social networking legend Facebook to buy messaging App WhatsApp for $19 Billion. This is Facebook’s biggest acquisition to date. According to the Reuters.com The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years.
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Facebook officially announced on the NewsRoom says that Facebook today announced that it has reached a definitive agreement to acquire WhatsApp, a rapidly 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.
Facebook CEO Mark Zuckerberg announced through his Facebook status says that “I’m excited to announce that we’ve agreed to acquire WhatsApp and that their entire team will be joining us at Facebook. WhatsApp had every option in the world, so I’m thrilled that they chose to work with us. I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting.”
Mr Koum, CEO of WhatsApp INC says “We’re excited and honoured to partner with Mark and Facebook as we continue to bring our product to more people around the world,”
WhatsApp had over 450 million active users per month and 70% of those people active on a given day. The network adding more than 1 million new registered users per day. Mark Zuckerberg says WhatsApp will continue to operate independently within Facebook.