Thursday, November 27, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Twitter Tracks Apps Installed On Your Device, Introduces Offers
Ubisoft Apologizes For Assassin's Creed Unity Issues, Offers Free Game
Europe Wants Right-to-be Forgotten to Go Globally
Far Cry 4 Game Available For Free With Purchase of 840 EVO SSD
UK Music Industry Seeks For New Tax on CD Copying
Samsung's DeepSort Sorting Engine Prevails In Benchmarks
Sony Plans E-Paper Watch: report
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, February 20, 2014
Facebook to Acquire WhatsApp For $16 Billion


Facebook has reached a definitive agreement to acquire WhatsApp, a growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares.

The agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp's founders and employees that will vest over four years subsequent to closing.

WhatsApp has built a real-time mobile messaging service with over 450 million people using the service each month. Its messaging volume is approaching the entire global telecom SMS volume and it is currently adding more than 1 million new registered users per day.

"WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," said Mark Zuckerberg, Facebook founder and CEO. "I've known Jan for a long time and I'm excited to partner with him and his team to make the world more open and connected."

Jan Koum, WhatsApp co-founder and CEO, said, "WhatsApp's extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide. We're excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world."

Facebook said that WhatsApp's brand will be maintained; its headquarters will remain in Mountain View, CA; Jan Koum will join Facebook?s Board of Directors; and WhatsApp's core messaging product and Facebook's existing Messenger app will continue to operate as standalone applications.

The deal provides Facebook entree to new users who eschew the mainstream social networks but prefer WhatsApp and rivals.

Google had also offered to buy WhatsApp for $10 billion, according to a Fortune report.




Previous
Next
LG Introduces The G2 Mini Smartphone        All News        Chinese Maker Unveils The World's Thinnest Smartphone
New Toshiba Application Processors Support Wirelesss Video Connectivity     General Computing News      Google Fiber Coming In More U.S. Cities

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook Introduces the Facebook Groups App And FB Techwire
Facebook Develops Website For Professionals: report
Facebook To Reduce Promotional Posts in News Feed
Facebook Puts New Altoona Data Center Online
Facebook Tries To Explain Its New Privacy Policy Rules
Facebook Introduces Say Thanks
Facebook Says Messenger App Has 500 Million Monthly Users
Facebook News Feed Gets More Controls
Facebook's Zuckerberg Holds Public Q&A
Facebook Announces Initiatives Against Ebola
Government Requests For User Data Increased: Facebook
Ads Boost Facebook's Revenue

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .