Facebook Set everything for a whooping $19 billion deal to buy off WhatsApp.Yes,the social networking giant announced mega-deal on Wednesday.The company says WhatsApp will continue to operate independently even after the acquisition just like Instagram."WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable" said the CEO Mark Zuckerberg.He also shared in his Facebook Page "WhatsApp will complement our existing chat and messaging services to provide new tools for our community."Facebook will pay $4 billion in cash and the remaining $12 billion in Facebook shares.It calls for an additional $3 billion in restricted stock units to be granted to WhatsApp founders and employees that will vest over four years.
Many began to surprise why the social network with 1.2 billion members making deal with the 450-million instant messaging WhatsApp."Last Sunday evening, about 11 days ago, I proposed if we joined together that would help us really connect the rest of the world," Zuckerberg said.
WhatsApp a cross-platform instant messaging subscription service for smartphones was founded in 2009 by Americans Brian Acton and Jan Koum (also the CEO), both former employees of Yahoo!..In a December 2013 blog post, WhatsApp claimed that 400 million active users use the service each month.WhatsApp uses a customized version of the open standard Extensible Messaging and Presence Protocol (XMPP).n addition to text messaging, users can send each other images, video, and audio media messages as well as their location using integrated mapping features. WhatsApp is available on most Android, BlackBerry, iPhone, Nokia, and Windows smartphones.
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