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Facebook buys WhatsApp for $16 Billion

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WhatsApp users, here’s news for you.

Social network giant Facebook announced yesterday Wednesday 19th February 2014, its decision to buy popular messaging startup – WhatsApp.

The deal is worth $16 billion – $12 billion worth of Facebook stock and $ 4 billion in cash.

WhatsApp's Jan Koum signing the Facebook deal on the door of his old welfare office

WhatsApp’s Jan Koum signing the Facebook deal on the door of his old welfare office

Like Instagram, the messaging app company will be independent within Facebook. Jan Koum, the co-founder and CEO will also join Facebook’s Board of Directors.

CEO of Facebook Mark Zuckerberg in a statement 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.”

With over 450 million users every month and 70% active, it is estimated that there will be over 1 Million users monthly.

11 Comments

  1. Linda

    February 20, 2014 at 11:32 am

    soo much money!!!

  2. Hurperyearmie

    February 20, 2014 at 11:34 am

    It is well

  3. 90s

    February 20, 2014 at 12:15 pm

    I actually dnt get dis xplanatn, so wats d advantage nd disadvantage to we users of whatsapp? Does d deal affect us?

  4. whocares

    February 20, 2014 at 12:17 pm

    I read 19.. or maybe I was too sleepy when I was reading it. I think its amazing. It is not about the money. Think about how much facebook will make back? Whatsapp in the mobile connection world is what fb was a few years back in the internet social interaction world and with them merging, Zuckerberg is building a serious empire.. I think the best part of that news for me is the fact that whatsapp has only 55 employees, so really only 55 people will enjoy all of this! lol

  5. Next

    February 20, 2014 at 1:04 pm

    I keep wondering when my own billion dollar idea will hit me! Lord open my eyes, show me mine!!!!

  6. www.LapesBeautifulCreature.blogspot.com

    February 20, 2014 at 1:05 pm

    wow. fair price. FB stays Dominating social media

  7. olori Tari

    February 20, 2014 at 1:11 pm

    I thought rumour had it last night as 16 billion but it’s actually 19 ?

  8. @edDREAMZ

    February 20, 2014 at 1:22 pm

    This is serious…… Thank God for brain….

  9. lere

    February 20, 2014 at 1:55 pm

    I really don’t like this! I closed my Facebook account cos I don’t want that much info about me shared and now this?

  10. mimi

    February 20, 2014 at 3:01 pm

    BN its $19Billion…

  11. Bro

    February 21, 2014 at 6:18 am

    does that mean i get that $3 I just paid for my 5yr extension back??? who is cutting the check, I need my money abeg Mark Zuckerberg.. Thanks in Anticipation

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