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Facebook buys WhatsApp for $16 billion

Facebook buys WhatsApp for $16 billion

 

Today Mark Zuckerberg’s Facebook has agreed to acquire the messenger service WhatsApp for $16 billion in cash and stock.


 


Facebook paid $4 billion in cash and $12 billion in stock for WhatsApp. Additionally Facebook has also agreed to pay an additional $3 billion in restricted stock units to WhatsApp’s founders and employees, this brings the total price of the deal to about $19 billion.


 


This is Facebook’s largest acquisition to date for the social media giant that previously acquired Instagram.


 


WhatsApp was founded in 2009 by Jan Kou and Brian Acton and is the world’s most popular messaging app. It currently boasts more than 450 million daily users of its app.


 


Speaking about the deal Zuckerberg said “WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable. 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.


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20th February 2014, 11:40 UTC | Copyright (c) 2014 | Contact:
 
 

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