WhatsApp sold to Facebook for $16 billion

4
According to documents filed with SEC today, Facebook has purchased WhatsApp for $16 billion in cash and stock. As with the Instagram buyout WhatsApp will operate independently post acquisition. It is Facebook's hope that the deal will "accelerate Facebook’s ability to bring connectivity and utility to the world."

WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable. WhatsApp will complement our existing chat and messaging services to provide new tools for our community.Facebook CEO Mark Zuckerberg


The service has over 450 million users access it each month according to statistics in their latest press release. The CEO is hopeful this move will allow his company to move forward as fast as possible.

Doing this will give WhatsApp the flexibility to grow and expand, while giving me, Brian, and the rest of our team more time to focus on building a communications service that’s as fast, affordable and personal as possible.WhatsApp co-founder and CEO Jan Koum


Posted:
Related Forum: Mobile Devices

Related Articles

Comments

"WhatsApp sold to Facebook for $16 billion" :: Login/Create an Account :: 96 comments

If you would like to post a comment please signin to your account or register for an account.

neboPosted:

funny how the person who made the app was declined from a job from facebook before selling the app

SIKSPosted:

That's a ton of money for the app, i hope they invested wisely on it and put it to good use.

TRSNPosted:

-AskingAlexandria-
Oasis Something else for fb to ruin.


Yep. Soon Facebook will buy everything and take over the world. lol.


Google is my first pick for world-ruling.

MissPosted:

Can't wait to see what it's going to add.

-AskingAlexandria-Posted:

Oasis Something else for fb to ruin.


Yep. Soon Facebook will buy everything and take over the world. lol.

OasisPosted:

Something else for fb to ruin.

TelePosted:

That is a lot of money, I personally won't be getting the app though.

AspersPosted:

I'm sure you used to have to pay for this a while ago on iOS

WheyPosted:

-Tyron But it's free on the app store :s


But if you want this app on something like the blackberry then it charges you something like a 1 from the app world.
The more people that use it the more money they will get anyway

ATLatimerPosted:

Looks like Facebook will have everything now. Text, messaging, calling, ect..


Latest Downloads

Latest Tutorials