Facebook to Buy WhatsApp for $16 Billion

Facebook is acquiring WhatsApp, the popular messaging app, for $15 billion in cash & stock. According to SEC filing

The acquisition supports Facebook and WhatsApp's shared 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.

 

Filing document also cites major stats for WhatsApp 

WhatsApp has built a leading and rapidly growing real-time mobile messaging service, with:

  • 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. 

Also according to the same document WhatsApp co-founder and CEO Jan Koum will join Facebook's board of directors.

Here's a link to the SEC filing: http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001326801-14-0...

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