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Nairaland Forum / Science/Technology / Phones / DONE DEAL : Facebook Officially Acquires Whatsapp (888 Views)
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DONE DEAL : Facebook Officially Acquires Whatsapp by Wittylens(m): 9:56pm On Oct 06, 2014 |
In february 2014 Facebook Announced Its Intention To Acquire Whatsapp For $19Billion . Today , Facebook has officially completed the deal following a latest filing with America's Security And Exchange Commission. Facebook can now be identified as the legal owner of whatsapp. The deal will see whatsapp receive $19Billion in cash& stock and whatsapp's CEO , Jaun Koum Will join facebook's board and also match Mark Zuckerberg's $1 Salary. Part Of The Filing With SEC Reads ; [b]On October 6, 2014, Facebook, Inc. (the "Company" ![]() ![]() ![]() ![]() ![]() The acquisition was accomplished by the merger of Merger Sub with and into WhatsApp (the "First Merger" ![]() ![]() ![]() ![]() the Registration Statement on Form S-3 to be filed the Securities and Exchange Commission (the "SEC" ![]() The foregoing summary of the Merger Agreement and the transactions contemplated thereby do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the Merger Agreement, which was filed as Exhibit 2.1 to the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2014.[/b] SOURCE : http://androidnigeria.com.ng/done-deal-facebook-officially-acquires-whatsapp/ |
Re: DONE DEAL : Facebook Officially Acquires Whatsapp by Bossmd: 10:01pm On Oct 06, 2014 |
Good deal. Facebook on a desperate acquisition spree! 1 Like |
Re: DONE DEAL : Facebook Officially Acquires Whatsapp by Mention(m): 12:46am On Oct 07, 2014 |
Kk |
Re: DONE DEAL : Facebook Officially Acquires Whatsapp by Defaramade(m): 1:30am On Oct 07, 2014 |
Facebook buying out the competition since 1759... |
Re: DONE DEAL : Facebook Officially Acquires Whatsapp by Wittylens(m): 7:29am On Oct 07, 2014 |
Defaramade: Point of correction , Whatsapp Isn't Facebook Competitor Whatsapp Is A Social Messaging App Facebook Is A Social Network Facebook's Main Competitor Is Twitter , Whatsapp Main Competitor Is 2go , Snapchat , Viber E.t.c They're All Called "Social Media" But whatsapp is not in direct competition with facebook. The major reason why facebook bought whatsapp is so as to gain more penetration in the mobile messenging world. Whatsapp has 600million monthly active users , That's a huge data for anyone who wants to gain more presence in mobile world. 1 Like |
Re: DONE DEAL : Facebook Officially Acquires Whatsapp by Wittylens(m): 6:48pm On Oct 09, 2014 |
I'm Suprised This Didn't Make FP. Nairaland Is Not Tech Supportive ![]() |
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