Facebook Acquires WhatsApp for $16 Billion

facebook-acquires-whatsapp

The popular mobile messaging service, WhatsApp, gets acquired by Facebook for a whopping $16 billion. WhatsApp, over the course of past few years, has become the most popular service to send text and voice-based messages over the Internet. The messaging volume of WhatsApp has reached the SMS volume of the entire global telecom industry.

Facebook issued an official post yesterday confirming the acquisition of WhatsApp. Mark Zuckerberg, in his Facebook post, said

WhatsApp had every option in the world so I’m thrilled that they chose to work with us. I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting. I’ve also known Jan for a long time, and I know that we both share the vision of making the world more open and connected. I’m particularly happy that Jan has agreed to join the Facebook board and partner with me to shape Facebook’s future as well as WhatsApp’s

This acquisition news created rumors about WhatsApp Messenger getting some sort of advertisement for its service. These rumors were soon abolished by Jan Koum, WhatsApp co-founder and CEO. In an official blog post, Koum wrote

Here’s what will change for you, our users: nothing.

Furthermore, he added,

whatsapp-growth

WhatsApp will remain autonomous and operate independently. You can continue to enjoy the service for a nominal fee. You can continue to use WhatsApp no matter where in the world you are, or what smartphone you’re using. And you can still count on absolutely no ads interrupting your communication. There would have been no partnership between our two companies if we had to compromise on the core principles that will always define our company, our vision and our product.

WhatsApp is a company that spends $0 on marketing and PR and has a team of only 50 people. In 2009, Brian Acton, one of the co-founders of WhatsApp, was rejected a job at Facebook.

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