In a document filed with the SEC today, Facebook has confirmed that it will be buying the messaging client. As with their earlier purchase of Instagram, Facebook will allow WhatsApp to continue to operate independently after the acquisition and the deal also include an extra 3 billion dollars worth of Facebook stock for WhatsApp employees. Mark Zuckerberg, the Facebook founder, had this to say about the newly released information on the acquisition:
WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable. WhatsApp will complement our existing chat and messaging services to provide new tools for our community.
Furthermore, WhatsApp co-founder Jan Koum will join Facebook’s board of directors as a part of the deal. The operations of WhatsApp, located currently in Mountain View, California, isn’t expected to change. Over 450 million people use WhatsApp on a monthly basis and 70% of them are active users, according to statistics released with the press release.
What do you think about Facebook’s latest acquisition?