Thursday, February 20, 2014

Facebook bought Whatsapp for $19 billion which is by far Facebook's largest acquisition to date

Whatsapp Acquired by facebook and  has agreed to pay $12 billion in stock and $4 billion in cash for the company. 
Facebook has also agreed to pay an additional $3 billion in restricted stock units to WhatsApp's founders and employees as part of the deal.
Jan Koum Founder of WhatsApp said
"We think that for our product, advertising is not necessarily the right way to go, We think we have a very solid monetization system in place."

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