Facebook Is Acquiring WhatsApp For $16 Billion
Submitted by Anonymous (not verified) on Wed, 02/19/2014 - 22:24Facebook just announced that it is acquiring WhatsApp for approximately $16 billion, including $4 billion in cash and approximately $12 billion in Facebook shares.
The service has over 450 million monthly users with 70% active on a given day, according to the company. More impressive still is that (again, according to the company) messaging volume is approaching the entire global telecom SMS volume, and it’s still rapidly growing. It’s currently adding over a million new users per day.