Facebook’s New Acquisition Has 450 Million Audience


Facebook LogoA deal of Facebook Inc. (NASDAQ:FB) struck overnight, that social media company has acquired WhatsApp for 19 billion dollar. It’s been reported that Google had also made an offer of 10 billion dollars to acquire the messaging app that has now fallen into Facebook’s lap.

Before WhatsApp agreed for Facebook’s 19 billion dollar deal, rumours suggest that Google also tried its luck at acquiring the popular messaging service with over 450 million monthly users and one million adding each day.

WhatsApp co-founder Jan Koum would also get a place at Facebook (FB)’s board and he has assured that ‘nothing would change for users’ immediately as company plans to run the WhatsApp independently just like Instagram.

According to The Verge, in a brief report on the rumored offer, Fortune noted that two separate sources have confirmed Google offered to purchase WhatsApp, but it’s unclear exactly when the search giant attempted to arrange a deal.

The report stated that the bid came without a promise of a Google Inc (GOOG) board seat, unlike Facebook’s agreement.

WhatsApp is a free messaging service for smartphones, which actually lets the users chat with their phone contacts, both one-on-one and in group form. It’s a free service that allows people to send  photos,texts, videos and voice recordings over the Internet. It also lets users communicate with people overseas without incurring charges for pricey international texts and phone calls.

Social Media’s new acquisition has a broad global audience. Facebook’s CEO Mark Zuckerberg said that: “WhatsApp is the only widely used app that has more engagement and a higher percentage of people using it daily than Facebook itself.”