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Facebook buys WhatsApp for $16 Billion

published on Thursday, 20 February 2014

So yeah, WhatsApp has just been bought by Facebook. It was announced yesterday Wednesday 19th February 2014. I hear the deal is worth $16 billion ($12 billion worth of Facebook stock and $ 4 billion in cash).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.