Wednesday, February 19, 2014

Facebook Pays Billions for Whats Apps

Facebook will pay $4 billion in cash, $12 billion in Facebook shares and an additional $3 billion in restricted stock units to acquire Whats App for its mobile messaging service.


Some key stats on Whats App:
  • Over 450 million people using the service each month;
  • 70% of those people active on a given day;
  • Messaging volume approaching the entire global telecom SMS volume; and
  • Continued strong growth, currently adding more than 1 million new registered users per day.
Facebook said WhatsApp shares its mission "to bring more connectivity and utility to the world by delivering core internet services efficiently and affordably.  The combination will help accelerate growth and user engagement across both companies. "

"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."

What's App is based in Mountain View, California.

http://www.fb.com

http://www.whatsapp.com

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