The news of Facebook acquisition of famous cross platform messaging app WhatsApp for nearly $ 19 billions is in the air since almost one day. Here is a closer look and inside out of the this biggest ever acquisition by Facebook. Facebook has agreed to pay $16 billion in cash and stock. According to the filing Facebook has agreed to pay $12 billion in stock and $ 4 billion in cash to the company and additional $3 billion in restricted shares will be paid to WhatsApp founders and employees which makes the deal worth $19 billion. This is notable because this is the largest ever acquisition by Facebook.
WhatsApp was founded back in 2009 by former Yahoo engineers Jan Koum and Brian Acton and is largest used cross platform messaging application having nearly 450 million active users which is largest in terms of other competitors with similar services. Facebook CEO Mark Zuckerberg says WhatsApp is on a track to have a billion users worldwide which is extremely valuable for us. He adds that it will help their internet.org project.