Facebook Acquires WhatsApp for $19 Billion

Facebook has acquired the world's largest mobile messaging service, WhatsApp, with a whooping amount of $19 Billion which benchmark as the biggest acquisition in the history. Mark Zuckerberg, the founder of the biggest social networking site, Facebook, announced the acquisition for WhatsApp through the official Facebook blog. According to the regulatory filing, Facebook has acquired WhatsApp for $12 billion in stock and $4 billion in cash and additional $3 billion deal for the employees and founders with a total amount of 19 billion. Based on the previous acquisition records, Google’s biggest deal is Motorola Mobility for $12.5 billion, while Microsoft’s largest acquisition was Skype at $8.5 billion. On the other hand, Apple has never closed a deal above $1 billion. WhatsApp is one of the most progressive application around the planet with more than 450 million users worldwide every day wherein 70 percent are active. The mobile messaging service, WhatsApp, was founded in year 2009 by former Yahoo employees Jan Koum and Brian Acton. WhatsApp allows the mobile user to send text messages, photos, videos and voice recording instantly with no charges on the first year but a subscription of $0.99 on the succeeding year. It is considered a giant in the field of mobile messaging services. "WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," Facebook founder Mark Zuckerberg said. WhatsApp is currently making rounds online as the most talked about across the globe for the stunning acquisition of Facebook. Jan Koum, the co-founder of the mobile messaging application will seat as one of Facebook's board of directors. WhatsApp will operate independently like Instagram.