Facebook buying WhatsApp for $16 billion
Facebook has today announced that it will be buying the popular cross-platform social messaging platform Whatsapp for around $16 billion.
The deal was announced today as both parties reached an agreement: Whatsapp receives $4 billion in cash and $12 billion in Facebook stock. If, for whatever reason the deal falls through, Facebook have agreed to pay a fee of $2 billion in a mixture between cash and stock to Whatsapp.
Facebook was interested in the social messaging platform due to the incredible amount of growth that the service received, with figures touting that Whatsapp was adding around a million users per month to its platform.
Whatsapp will continue to operate as an independant company and keep their own branding, but will have Facebook members on the board. With Facebook messenger a big part of their service, it makes sense that eventually Whatsapp will be obsorbed into their own platform.
You might also like
The first sizable update (still Android 2.1) to the Samsung Fascinate has made its way online, adding a number of new features and improvements. As detailed by Verizon, the i500.DL09 update provides the latest versions of V CAST Videos, City ID, VZ Navigator, and Amazon Kindle as well as some key changes to widgets, email and other general touch-ups.
Sprint has put together a trio of videos to give viewers a front-row seat to their Kyocera Echo announcement from earlier in the week. If you haven’t had a chance to learn about the device yet, now’s your chance!
Phandroid has pointed out a very interesting rumor circulating amongst the French. According to Smartphone France, the Nexus One is set to receive an over-the-air update in the coming days.