WhatsApp sold to Facebook for $16 billion

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: Feb 19, 2014 6:30 pm
Related Forum: Mobile Devices

Comments

DV8Posted: Wed. Mar 12, 2014

Invictus Facebook is buying everything now gosh.

Well they have the money to, so I am not surprised if I got offered 16 billion for an app I will definitely take it.

InvictusPosted: Mon. Mar 10, 2014

Facebook is buying everything now gosh.

IntPosted: Sun. Mar 09, 2014

faacebook are like google buying everything.

MultitaskPosted: Fri. Mar 07, 2014

Aftercast
Katsumi That's a fair lot of money to be payed for an app. I wonder what direction facebook will take it in

I'm assuming, and also hoping it will be the same thing. However I've never really used this app.

i have never even heard of this App but FB payed so much for it.

-DynamicPosted: Fri. Mar 07, 2014

Aftercast
Katsumi That's a fair lot of money to be payed for an app. I wonder what direction facebook will take it in

I'm assuming, and also hoping it will be the same thing. However I've never really used this app.

I only know a few people that use this app, I don't know how it is actually this big and worth this amount of money.

-DynamicPosted: Fri. Mar 07, 2014

I didn't realize WhatsApp was this big ...

MultitaskPosted: Thu. Mar 06, 2014

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

That is way too much money for a stinking app.

yeah 16 billion is allot i just hope FB will not ruin it :P.

YopPosted: Mon. Mar 03, 2014

Time to develop some free texting app.

DV8Posted: Mon. Mar 03, 2014

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

That is way too much money for a stinking app.

Well I wouldn't complain if I got offered and paid 16 million for an app.

KatsumiPosted: Mon. Mar 03, 2014

That's a fair lot of money to be payed for an app. I wonder what direction facebook will take it in

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