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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WheyPosted:

illa
Resort What?? 16 billion? for a app holy crap thats messed up...


For an app that isn't really known/used by A LOT of people like Kik.


It really is a well known app.
At least half of iPhone users have this app and so many which own smart phones have WhatsApp also. I would just like to know why Facebook bought WhatsApp for. They obviously spent a ridiculous amount of money therefore they must have something pretty big planned to make a profit on what they purchased ..

CyimkingPosted:

I do not see why they would sell it for $16 bil. Oh well, this is just another reason to make some app.

SkeletonsPosted:

well congratulations to the developer, he is now set for life. But i do not see what facebook wants with this app.

21Posted:

Don;t understand what Facebook would want with this app and $16billion is a hell of a lot of money but oh well, I suppose it will make them a lot more money than what they paid for it, otherwise they wouldn't have purchased.

illaPosted:

Resort What?? 16 billion? for a app holy crap thats messed up...


For an app that isn't really known/used by A LOT of people like Kik.

illaPosted:

Wow, what do they need it for anyways? Billion dollar company already.

loliTzzwafflezPosted:

and he was declined a job at facebook

WheyPosted:

Resort What?? 16 billion? for a app holy crap thats messed up...


They have the money to spend, I'm sure the app will now become widely advertised to gain more downloads, they know what they are doing :)

ResortPosted:

What?? 16 billion? for a app holy crap thats messed up...

ForgavePosted:

Never thought this would happen to be quite honest.


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