Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
Some invent, some acquire: Facebook buys Whatsapp for USD 19 billion
You paid for the any postal service you used in past till E-mail came to your help. Then arrived the Mobiles and every time we send a SMS we pay for it. But technology and quick thinkers came to our help. They introduced WhatsApp and you do no longer need to pay for your message. WhatsApp makes our life easy.

What’s WhatsApp? WhatsApp Messenger is a cross-platform mobile messaging app which allows you to exchange messages without having to pay for SMS. WhatsApp Messenger is available for iPhone, BlackBerry, Android, Windows Phone and Nokia and yes, those phones can all message each other! Because WhatsApp Messenger uses the same internet data plan that you use for email and web browsing, there is no cost to message and stay in touch with your friends. In addition to basic messaging WhatsApp users can create groups, send each other unlimited images, video and audio media messages.

The social service giant Facebook has decided to add ‘WhatsApp’ as a sister concern and said that it was buying the fast-growing mobile messaging service for more than $19 billion in cash and stock. It would help the Facebook in expanding its global footprint of the social networking.

WhatsApp has 450 million users at present. Facebook promises that the acquired new wing will be operated independently with its own board. Till date it is Facebook's biggest acquisition. According to official statement of Facebook, "The acquisition supports Facebook and WhatsApp's shared mission to bring more connectivity and utility to the world by delivering core Internet services efficiently and affordably." .

Facebook reportedly sought to acquire another hot messaging firm, Snapchat, for $3 billion last year.

"WhatsApp is on a path to connect one billion people. The services that reach that milestone are all incredibly valuable," said Zuckerberg, Facebook founder and chief executive.

"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."

"Almost five years ago we started WhatsApp with a simple mission: building a cool product used globally by everybody. Nothing else mattered to us," Koum said in a blog post.

"Today we are announcing a partnership with Facebook that will allow us to continue on that simple mission.

Some people work; some think; some invent; some acquire.

Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
Sign in to set your preference
merinews for RTI activists
In This Article
(993 Articles)

Not finding what you are looking for? Search here.