Facebook on February 19, 2014 confirmed to have reached a definitive agreement to acquire WhatsApp for a total fee of $19 billion,broken into cash, shares and restricted stock units for the messaging app’s founders and employees.
- $4 billion in cash
- Approximately 183,865,778 Facebook shares worth US $ 12 billion
- Another 45,966,444 shares US $ 3 billion has been set aside as restricted stock units to be granted to WhatsApp’s founders and employees that will vest over 4 years subsequent to closing.
Mark Zuckerberg, Facebook founder and CEO Said;
“WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable. 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.”
WhatsApp Inc. is an early stage technology startup founded in the heart of Silicon Valley. It was founded by two American guys Brian Acton and Jan Koum who spent combined 20 years doing geeky stuff at Yahoo! Inc. before starting WhatsApp Inc.
WhatsApp handled ten billion messages per day in August 2012, growing from two billion in April 2012,and one billion the previous October. On June 13, 2013 WhatsApp announced that they had reached their new daily record by processing 27 billion messages.
WhatsApp Todays is is available for Google Android, BlackBerry OS, Apple iOS, selected Nokia Series 40, Symbian, selected Nokia Asha platform, Microsoft Windows Phone and BlackBerry 10.