Facebook has acquired Whatsapp messaging service for $19 billion. Under the agreement, Facebook will pay $4 billion in cash and $12 billion in Facebook shares and $3 billion in restricted shares according to Facebook’s statement yesterday.
Both parties said the acquisition is in line with a shared mission of bringing more connectivity and utility to the world by delivering core internet services efficiently and affordably.
Facebook said: “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.”
Mark Zuckerberg, Founder and CEO of Facebook said WhatsApp will soon connect 1 billion people worldwide. He also expressed his readiness to work with Jam Koum.
Mark said: “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.”