Facebook Buys WhatsApps for $16 Billion in one of the Internet biggest deals ever.
One of the most widely popular social chatting platform, you know what I am talking about, its WhatsApp is now sold to Facebook for a whopping $16 billion. The deal is however not $16 billion in cash as social giant will pay $12 billion in stock and $4 billion in cash.
WhatsApp key facts –
- Over 450 million people using WhatsApp every month
- 70% of those people active on a given day
- Messaging volume approaching the entire global telecom SMS volume
- Adding more than 1 million new registered users per day
Even though after this acquisition, WhatsApp will remain an autonomous and will operate independently. You will still need to pay nominal fee of $1 per year.