Linked by Thom Holwerda on Wed 19th Feb 2014 22:20 UTC
Internet & Networking

Facebook today announced that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares. The agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing.

A huge deal. WhatsApp is one of the biggest messaging services is in the world - maybe even the biggest.

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RE: $19B for a 55 employee Company
by Nelson on Thu 20th Feb 2014 16:35 UTC in reply to "$19B for a 55 employee Company"
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They have 450M active users and its growing at triple digit rates. WhatsApp has 1M new users daily and sends 19B messages a day.

With some clever partnerships, they could land themselves a full blown SMS replacement.

Edited 2014-02-20 16:48 UTC

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