Facebook plans to buy WhatsApp for $16 billion, says “nothing” will change in WhatsApp

WhatsApp is one of the most popular social messaging applications that originated in 2009. It rose to so much fame that it was one of the pre-installed in most of smartphones and in no time the company became a multi-billion dollar company.

Recently Viber was bought by Rakuten for 900 million dollars. On Wednesday Facebook announced its intentions to buy WhatsApp. Facebook will buy Whatsapp for $16 billion which will in the form of shares, stocks and cash.

According to an official statement from Facebook, they will buy Whats app by paying $4 billion of cash, Facebook shares that will be of $12 billion and $3 billion restricted stock units. Facebook said that “the agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing.”

450 million users are already using WhatsApp application monthly and they are increasing at a steady pace which made Facebook buy an application of such a huge fame.

Facebook CEO Mark Zuckerberg described their deal with WhatsApp

“WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable. 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.”

But Facebook buying WhatsApp will not change anything in the application that mainly meant that WhatsApp will not have any ads “you can still count on absolutely no ads interrupting your communication.”

WhatsApp said regarding to the steady and unchanged services after the deal

“There would have been no partnership between our two companies if we had to compromise on the core principles that will always define our company, our vision and our product,”

Facebook’s Mark Zuckerberg also explained that after the deal WhatsApp will remain the same in fact it will prosper

“Doing this will give WhatsApp the flexibility to grow and expand, while giving me, Brian, and the rest of our team more time to focus on building a communications service that’s as fast, affordable and personal as possible”.

 

It will be interesting what Facebook will bring to WhatsApp, there will probably be some changes in the application but it is for sure that there will be no ads and interruptions in the application infact there might be some exciting and worthy features introduced in WhatsApp.

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Abdullah Akbar

Abdullah Akbar Shafi is currently doing Software Engineering And he writes on Gadgets and Technology as his interest.
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