Facebook is Buying Whatsapp for 16 Billion $

Facebook is  Buying Whatsapp for 16 Billion $ 

Whatsapp

Facebook declared today they are planning ahead with the buy of the instant messaging service WhatsApp for an astounding 16 billion us dollars . This investment is going to be composed of 4 billion us dollars in cash and 12 billion us dollars value of shares in Facebook . 
In a document filed with the SEC today , Facebook has guaranteed that it will likely be purchasing the messaging client . Just like their previously purchase of Instagram , Facebook will permit WhatsApp to keep function on their own after the purchase and deal also include an additional 3 billion us dollars value of Facebook stock for WhatsApp workers . Mark Zuckerberg , the Facebook founder , had this to state regarding the freshly released info about the purchasing . 

WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable. WhatsApp will complement our existing chat and messaging services to provide new tools for our community.

Mark Zuckerberg

Moreover , WhatsApp co-founder Jan Koum will enroll in Facebook’s board of company directors as a part of the deal . The operations of WhatsApp , situated presently in Mountain View , California , isn’t expected to change . Over 450 million people use WhatsApp monthly and also 70% of which are active users , based on figures released with the press release .

Source : Android Pit