Facebook To Buy WhatsApp for $16 Billion

The mobile-messaging service sees 450 million users a month

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Social media giant Facebook announced Wednesday it is acquiring the fast-growing mobile-messaging service WhatsApp for $16 billion. In addition to the buying price, $3 billion in restricted stock will be given to WhatsApp founders and employees.

“WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable,” said Facebook CEO Mark Zuckerberg. “I’ve known [WhatsApp founder] Jan [Koum] for a long time and I’m excited to partner with him and his team to make the world more open and connected.”

The deal includes $4 billion paid in cash and roughly $12 billion in Facebook shares.

WhatsApp has seen tremendous growth in recent years, according to a Facebook press release, with 450 million people using the messaging service monthly and one million new users every day.

3 comments
swissconsultants
swissconsultants

Everyday happier using HushHushApp, my info is not for sale!

chrispy
chrispy

A huge number of people just had their privacy eroded even more. Facebook, Google, etc. are destroying privacy as we know it. This is why I'm such a strong advocate of privacy-based web services such as Ravetree, HushMail, DuckDuckGo, etc. You should definitely try out some of these sites if you haven't already. They're actually really good, and you don't have to worry about your personal information being data-mined.