Facebook is acquiring WhatsApp [for $19 billion]
Huge news today, as Facebook has bought WhatsApp, the popular cross-platform messaging app, for $19 Billion and in stock.
The acquisition will see Whatsapp running semi-independently, similar to Instagram, and while the messaging service will maintain it’s brand and currently existing offices, Facebook will be offer the advantage of their “expertise, resources and scale.” Facebook claims the deal “accelerates Facebook’s ability to bring connectivity and utility to the world.“. WhatsApp already has over 450 million active users every month, making it the most used messaging service in the world, way more than the likes of Facebook Messenger, Line, or even Viber.
Mark Zuckerberg commented on the acquisition, stating:
“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.”
WhatsApp co-founder and CEO, Jan Koum will be joining Facebook’s board of directors as part of the deal:
“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.”
Zuckerberg proposed the acquisition to Koum on Sunday, February 9th, with the two agreeing on a price a few days later.
Wow this year is getting more crazy with every day. Now that Facebook bought WhatsApp, there’s no stopping them, eh?