Facebook has just announced that they are acquiring WhatsApp, one of the most popular mobile messenger app worldwide, for $16 Billion in cash and stock.
Similarly to Instagram, Facebook says WhatsApp will continue to operate independently even after the acquisition and it will be separated from Facebook Messenger — but claims the deal “accelerates Facebook’s ability to bring connectivity and utility to the world.”
CEO Mark Zuckerberg said, “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.”
WhatsApp has over 450 million users each month, with 70 percent of those users active on a given day. WhatsApp co-founder and CEO Jan Koum will join Facebook’s board of directors, but his team will remain stationed in Mountain View, California.