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Facebook to Buy WhatsApp for 16 Billion

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."

 
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  • (Score: 2) by FatPhil on Monday February 24 2014, @10:57PM

    by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Monday February 24 2014, @10:57PM (#6257) Homepage
    OK, without a package, I've heard that it's 20c per message sent or received for most carriers - which is just crazy.

    Europe got SMSs a decade before it got GPRS, so it really was the best thing since sliced bread. US carriers nt adopting GSM, and making SMSs prohibitively expensive when they did means that your perspective will indeed be different. But that's not SMS's fault, that's the US carriers.
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