WhatsApp sold to Facebook for $16 billion

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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


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

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ValorPosted:

Danimals 16 billion. dang. in cash and stock too.


That is way too much money for a stinking app.

DanimalsPosted:

16 billion. dang. in cash and stock too.

SIKSPosted:

Sanchezio This truly is a ridiculous amount of money. But I guess they know what they're doing..


That what i hope also, they either might have screwed that chance up or the hit it big with the investment of the app.

SanchezioPosted:

This truly is a ridiculous amount of money. But I guess they know what they're doing..

VPNPosted:

Facebook is getting old right now.

MawderzPosted:

Is it true they're making you pay to send whatsapps now?

DollPosted:

y u do dis Mark Zuckerburg?

SIKSPosted:

That's a huge investment they made. I hope they made a good investment.

-BrazilPosted:

Damn now that is a lot of money

RGHSignedPosted:

Int
JDAM Facebook will probably end up buying everything. WhatsApp is great, but now Facebook will probably charge people to download it.


yes and facebook will buy youtube soon.


Psh. Doubt that will ever happen.


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