Deal Closed! Facebook is Buying WhatsApp for $16 Billion

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Feb 20, 2014
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Facebook WhatsApp deal:

Yep, you read that right! According to Form 8K filed with SEC, Facebook is buying WhatsApp, the crazily popular cross-platform messaging app, for $16 according. This deal will also see WhatsApp’s founder Jan Koum joining Facebook’s board of directors.Facebook whatsapp deal

 

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The details mention that Facebook will pay $4 billion in cash, while the remaining $12 billion will be paid in Facebook stock. WhatsApp founders and employees will also be granted an additional $3 billion in restricted stock units which will vest over next four years after the deal closes.

With a ever growing user base of over 450 million people with a growth rate of 1 million new registered users every day, WhatsApp is currently one of the most popular cross-platform messaging apps. The app is one of the few having almost 70% of registered users signing in to use the app every single day!

In April 2013, it was rumored that Google was about to acquire the company for $1 billion, which was later denied by WhatsApp. Seems like company’s crazy growth did end up attracting its sale. The current price of $16 billion reflects the growth that this messaging app has gone through in the past few months. WhatsApp is currently 35th most popular app on App Store.

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Facebook WhatsApp deal is confirmed as Facebook announced today it has reached an agreement to acquire WhatsApp to a total of approximately $16 billion. However, details on the WhatsApp services or its integration with Facebook app isn’t yet disclosed.

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