Thursday, February 20, 2014

WhatsApp acquired by Facebook for 19 billion dollar


WhatsApp acquired by Facebook for 19 billion dollar
Social media giant Facebook Inc acquired WhatsApp for 19 billion dollars in a cash and stock deal on 19 February 2014. Whatsapp is a mobile messaging company.
WhatsApp co-founder and CEO Jan Koum will join Facebook Board of Directors.
Important to note : 
  • WhatsApp's core messaging product and Facebook's existing messenger app will continue to operate as standalone applications.
  • The acquisition price included 4 billion dollars in cash, about 12 billion dollars worth of Facebook shares and 3 billion dollars in restricted stock units to be granted to WhatsApp's founders and employees.
  • Jan Koum co-founded WhatsApp with Brian Acton in 2009, both former Yahoo executives.

1 comment:

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