Facebook buys WhatsApp for $16 billion

Facebook logoAccording to an early report from Bloomberg News reporter Sarah Frier, Facebook is set to buy WhatsApp for $16 billion. An SEC filing confirms the acquisition for $4 billion in cash to WhatsApp's security holders, along with $12 billion in Facebook stock and an additional $3 billion in Facebook stock that will vest over four years.

WhatsApp has been one of a handful of booming messaging apps that has grown especially large in the last year (GroupMe, WeChat, Kik, and Line are others). In December, the app was reported to have over 400 million monthly users, and Facebook now reports that the service has 450 million. Meanwhile, Facebook maintains roughly 1.2 billion as of last October.

Facebook has yet to release usage numbers for either its messaging feature on the whole or its dedicated Messenger app. The Verge noted in December that it was "telling" that few other messaging apps release their usage numbers like WhatsApp does, which suggests its user base dwarfs its competitors.

The acquisition follows Facebook's recent failure to buy Snapchat, another messaging service that focuses on ephemeral picture messages, for $3 billion in cash.

In its press announcement, Facebook founder Mark Zuckerberg stated that WhatsApp is "on a path to connect 1 billion people." Per the post, Facebook will run WhatsApp similar to the way it runs Instagram, which is to say it will be maintained as a separate property for the time being. However, Facebook and Instagram have been inching slightly closer to one another in functionality and design, suggesting that independence can't be guaranteed. For now, "WhatsApp's core messaging product and Facebook's existing Messenger app will continue to operate as standalone applications."

Source: Ars Technica

Tags: Facebook

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments