Facebook Acquires WhatsApp for $19 Billion

Social media colossal Facebook has unveiled that it is acquiring the most prominent instant mobile messaging platform WhatsApp for 19 billion dollars. It’s an astonishing milestone for the WhatsApp’s co-founders Brian Acton and Jan Koum, including their significant team.


WhatsApp

Facebook has even given more details of the acquisition, which includes 4 billion dollars in cash and 12 billion dollars in the Facebook stock. Moreover, extra 3 billion dollars in restricted stock will also be provided to the WhatsApp team over the next 4 years after the deal ends.

It’s given that, beyond 450 million folks are using the WhatsApp application per month and approximately 1 million users are registering everyday.

Mark Zuckerberg, CEO at Facebook has said that their goal is to make the entire globe more open as well as connected. He has also added that they do this by developing services that help users to share any sort of content with any group of people they wish. WhatsApp will certainly help them to do this by continuing to form a service that users all over the world love to use on a daily-basis.

Moreover, in a recent blog post, Jan Koum has reassured people that this acquisition will not bring in any amendments for them. He will join Facebook’s board of directors.

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