Social media giant Facebook has confirmed it is to takeover mobile messaging specialist WhatsApp in a $19 billion deal. Facebook will pay $4 billion in cash and the remaining $12 billion in Facebook shares and $3billion in restricted stock units
Although the buyout has yet to be fully finalised, Facebook has announced it has reached “a definitive agreement to acquire WhatsApp.”
“WhatsApp is on a path to connect 1 billion people,” Facebook founder and CEO Mark Zuckerberg said in making the announcement. “The services that reach that milestone are all incredibly valuable.”
He added: “I’ve known [WhatsApp co-founder and CEO] Jan [Koum] for a long time and I’m excited to partner with him and his team to make the world more open and connected.”
At present WhatsApp has more than 450 million active monthly users, with 70 per cent of this user base utilising the BBM and iMessage rival daily.
Great Going Facebook….
And Guys you know the Person who has developed What’s app was rejected by Facebook for a Job Interview