Facebook is indulgent Brobdingnagian on mobile with associate degree fulgurous cash-and-stock deal price up to $19 billion for net Age smartphone electronic messaging service WhatsApp.
The surprise, mega-deal declared on weekday bolsters the world's biggest social network -- that has over one.2 billion members -- with the 450-million-strong WhatsApp, which can be operated severally with its own board.
It fits with Facebook founder Mark Zuckerberg's concentrate on being at the middle of lifestyles during which billions of individuals round the world share no matter they need over the net victimization smartphones or tablets.
It is Facebook's biggest acquisition and comes but 2 years when the California-based net star raised $16 billion within the richest technical school sector public stock providing.
Zuckerberg same that WhatsApp -- a cross-platform mobile app that permits users to exchange messages while not having to pay medium charges -- was definitely worth the steep value as a result of its blistering growth round the globe has it on a transparent path to hit a billion users and on the far side.
"Services with a billion individuals victimization them square measure all implausibly valuable," Zuckerberg same whereas discussing the acquisition value throughout a call with analysts.
The deal came from a talk Zuckerberg had with WhatsApp co-founder Gregorian calendar month Koum, whom he delineate as a "valuable thought partner" and friend of the many years.
"Last Sunday evening, regarding eleven days past, I planned if we tend to joined along that will facilitate United States very connect the remainder of the globe," Zuckerberg same.
"He considered it over the course of the week, came back and same he was interested."
The purchase includes $12 billion in Facebook shares and $4 billion money. It demand an extra $3 billion in restricted stock units to be granted to WhatsApp founders and staff that may vest over four years.
Facebook reportedly wanted to amass another hot electronic messaging firm, Snapchat, for $3 billion last year. In 2012 Facebook closed its deal for Instagram, price some $1 billion at the time supported stock worth.
Mark Zuckerberg's words about acquiring Whats app:
"I’m excited to announce that we’ve agreed to acquire WhatsApp and that their entire team will be joining us at Facebook.
Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day.
WhatsApp is a simple, fast and reliable mobile messaging service that is used by over 450 million people on every major mobile platform. More than 1 million people sign up for WhatsApp every day and it is on its way to connecting one billion people. More and more people rely on WhatsApp to communicate with all of their contacts every day.
WhatsApp will continue to operate independently within Facebook. The product roadmap will remain unchanged and the team is going to stay in Mountain View. Over the next few years, we're going to work hard to help WhatsApp grow and connect the whole world. We also expect that WhatsApp will add to our efforts forInternet.org, our partnership to make basic internet services affordable for everyone.
WhatsApp will complement our existing chat and messaging services to provide new tools for our community. Facebook Messenger is widely used for chatting with your Facebook friends, and WhatsApp for communicating with all of your contacts and small groups of people. Since WhatsApp and Messenger serve such different and important uses, we will continue investing in both and making them each great products for everyone.
WhatsApp had every option in the world, so I’m thrilled that they chose to work with us. I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting.
I've also known Jan for a long time, and I know that we both share the vision of making the world more open and connected. I'm particularly happy that Jan has agreed to join the Facebook board and partner with me to shape Facebook's future as well as WhatsApp's.
Jan and the WhatsApp team have done some amazing work to connect almost half a billion people. I can’t wait for them to join Facebook and help us connect the rest of the world."
The surprise, mega-deal declared on weekday bolsters the world's biggest social network -- that has over one.2 billion members -- with the 450-million-strong WhatsApp, which can be operated severally with its own board.
It fits with Facebook founder Mark Zuckerberg's concentrate on being at the middle of lifestyles during which billions of individuals round the world share no matter they need over the net victimization smartphones or tablets.
It is Facebook's biggest acquisition and comes but 2 years when the California-based net star raised $16 billion within the richest technical school sector public stock providing.
Zuckerberg same that WhatsApp -- a cross-platform mobile app that permits users to exchange messages while not having to pay medium charges -- was definitely worth the steep value as a result of its blistering growth round the globe has it on a transparent path to hit a billion users and on the far side.
"Services with a billion individuals victimization them square measure all implausibly valuable," Zuckerberg same whereas discussing the acquisition value throughout a call with analysts.
The deal came from a talk Zuckerberg had with WhatsApp co-founder Gregorian calendar month Koum, whom he delineate as a "valuable thought partner" and friend of the many years.
"Last Sunday evening, regarding eleven days past, I planned if we tend to joined along that will facilitate United States very connect the remainder of the globe," Zuckerberg same.
"He considered it over the course of the week, came back and same he was interested."
The purchase includes $12 billion in Facebook shares and $4 billion money. It demand an extra $3 billion in restricted stock units to be granted to WhatsApp founders and staff that may vest over four years.
Facebook reportedly wanted to amass another hot electronic messaging firm, Snapchat, for $3 billion last year. In 2012 Facebook closed its deal for Instagram, price some $1 billion at the time supported stock worth.
Mark Zuckerberg's words about acquiring Whats app:
"I’m excited to announce that we’ve agreed to acquire WhatsApp and that their entire team will be joining us at Facebook.
Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day.
WhatsApp is a simple, fast and reliable mobile messaging service that is used by over 450 million people on every major mobile platform. More than 1 million people sign up for WhatsApp every day and it is on its way to connecting one billion people. More and more people rely on WhatsApp to communicate with all of their contacts every day.
WhatsApp will continue to operate independently within Facebook. The product roadmap will remain unchanged and the team is going to stay in Mountain View. Over the next few years, we're going to work hard to help WhatsApp grow and connect the whole world. We also expect that WhatsApp will add to our efforts forInternet.org, our partnership to make basic internet services affordable for everyone.
WhatsApp will complement our existing chat and messaging services to provide new tools for our community. Facebook Messenger is widely used for chatting with your Facebook friends, and WhatsApp for communicating with all of your contacts and small groups of people. Since WhatsApp and Messenger serve such different and important uses, we will continue investing in both and making them each great products for everyone.
WhatsApp had every option in the world, so I’m thrilled that they chose to work with us. I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting.
I've also known Jan for a long time, and I know that we both share the vision of making the world more open and connected. I'm particularly happy that Jan has agreed to join the Facebook board and partner with me to shape Facebook's future as well as WhatsApp's.
Jan and the WhatsApp team have done some amazing work to connect almost half a billion people. I can’t wait for them to join Facebook and help us connect the rest of the world."
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