Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 19 submissions in the queue.
posted by Dopefish on Thursday February 20 2014, @09:00AM   Printer-friendly
from the when-will-this-darn-bubble-pop-already? dept.

lubricus writes "Facebook announced plans to acquire WhatsApp for four billion cash, plus 12 billion in Facebook shares.

Additionally, WhatsApp employees and founders will receive three billion in restricted stock which will vest in four years. Facebook also agreed to a one billion dollar break up fee.

WhatsApp says they have message volume which approaches the global SMS volume, and hope to have one billion users. Even at those figures, Facebook is paying $16 per user.

I'm guessing WhatsApp will send Snapchat developers a cake."

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 1) by cockroach on Friday February 21 2014, @12:24AM

    by cockroach (2266) on Friday February 21 2014, @12:24AM (#3904)

    The jabber community got screwed by Google.

    Very much so. To me, this was when they finally became truly evil. It's one thing to build walled gardens and try to trick everyone into using them (i.e. Google+), but closing a previously open service once you have enough momentum is just wrong.