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Mega Deal: Facebook To Buy WhatsApp For $19 Billion

Facebook buys WhatsApp
A mega-deal announced on Wednesday that Facebook Inc will buy mobile messaging application WhatsApp for $19 billion. Facebook will pay $4 billion in cash and about $12 billion via Facebook shares. Remaining $3 billion will be paid in restricted stock units to WhatsApp’s founders and employees over the next four years.

Part of the deal says that WhatsApp co-founder and chief executive Jan Koum will join Facebook's board and WhatsApp’s team will not merge with Facebook’s team. Facebook's founder Mark Zuckerberg said in a statement, “WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable.”

This huge deal shows that world's largest social networking site Facebook is looking for ways to enhance its popularity among young people. Therefore Facebook tried to buy Snapchat in November 2013 but Snapchat refused Facebook's $3 billion offer.

Mobile messaging application WhatsApp has over 450 million monthly users and they are adding approx 1 million new registered users everyday. In August 2013 WhatsApp launched voice messaging service allowing users to record their voice message and send it to their friends on whatsapp. That feature made WhatsApp a more significant messaging App among all.

About the author
Himanshu is an SEO professional, writer and online marketer. He helps businesses to grow their online visibility and sales. He likes to write about gadgets, smartphones, SEO & internet marketing. He is fond of music, musical instruments, cricket & movies. Connect with him on Facebook, Twitter and Google +

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