Technology, Smartphones, Games

Facebook to acquire WhatsApp

facebook to buy WhatsApp

WhatsApp is a very famous Texting Application available on different mobile platforms. This is having more than 450 Million users.

The social Media giant Facebook yesterday announced the acquiring of WhatsApp for $16 Billion. The amount will be given as $4 billion in cash and $12 billion as Facebook shares. Facebook will also give an additional $3 billion Restricted Share Units to the WhatsApp founders.

WhatsApp having 32 engineers working for 14 Million Active users with 450 million users. It will process 50 billion messages every day.

Here is the Comments from Facebook CEO Mark Zuckerberg

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.

and Jan Koum, founder and CEO of WhatsApp

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.

WhatsApp Co-Founders Jan Koum and Brian Acton

WhatsApp Co-Founders Jan Koum and Brian Acton

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