Ten unknown facts about Facebook and Whatsapp deal
This is probably the most talked about deal of this decade. Here we give you some little known facts of this deal.The acquisition dwarfs the $1 billion that Facebook paid for photo-sharing service Instagram. Several analysts had termed Instagram acquisition expensive. But now, Facebook is paying $42 per user with the deal.
#9 Facebook's largest and most expensive acquisition
Whatsapp is a very big name in the mobile phone messaging. This is Facebook's largest-ever acquisition. The social networking giant will pay $4 billion in cash and $12 billion worth of shares for WhatsApp. This is quite a deal. But the ultimate cost of the deal is $19 billion, with WhatsApp employees and founders receiving an additional $3 billion in restricted stock units of Facebook.
#8 It took 2 years of hardwork
The first discussion regarding this deal took place 2 years ago. Facebook founder Mark Zuckerberg first reached out to WhatsApp co-founder Jan Koum in 2012. The two reportedly met at a coffee shop in California. However, the deal started shaping up earlier this month when Koum went to Zuckerberg's house in Palo Alto for dinner.
According to reports, this is when the conversation about a possible deal became serious. Zuckerberg is said to have proposed that the two companies join together and Koum join Facebook's board.
#7 Deal beats any other deal made by any technology giant
This deal stunned the entire technology world. The WhatsApp acquisition is one of the IT industry's biggest deals. It is larger than any that Google, Microsoft or Apple have ever done. Google's biggest deal was its $12.5 billion purchase of Motorola Mobility, while Microsoft's biggest acquisition deal was of Skype at $8.5 billion.This deal is the biggest one so far whereas Aplle never made a deal of more then $1 billion.
#6 Biggest Internet deal ever
There have been number of Internet deals in the past. This one is the biggest. According to Bloomberg data, the WhatsApp acquisition is one of the biggest internet deals since Time Warner's $124 billion merger with AOL in 2001. Also, as per Dow Jones VentureSource, the deal is the largest acquisition ever of a venture capital-backed startup. Now we know why everybody is talking about this deal.
#5 Google's interest in WhatsApp
Before this deal, even Google was interested in striking a deal with WhatsApp. Google reportedly offered to pay WhatsApp in exchange for the right to be notified if the messaging app ever entered into acquisition talks with another company. A report in Fortune claims that Google even offered to outrightly purchase WhatsApp for $10 billion.
#4 Fb denied Whatsapp co-founder a job
This is a Fact. Facebook, once upon a time, denied whatsapp's co-founder a job. n his pre-WhatsApp days, the company's co-founder Brian Acton applied for a job at Facebook. However, he failed to make the cut at the social networking giant. He revealed this via a tweet.
#3 WhatsApp and its user's
Whatsapp is the most used mobile App ever. WhatsApp boasts of 450 million monthly users, 72% of whom use it every day. There are 19 billion messages sent and 34 billion received via WhatsApp each day, in addition to 600 million photos and 100 million video messages. Also, WhatsApp has reached its 450 million active users base faster than any other company in history.
#2 WhatsApp founder's Ukrainian connection
Whatsapp co-founder and CEO Jan Koum has a Ukrainian connection. He is a Ukrainian immigrant, who grew up mostly in the Ukraine, before moving to the US as a teenager. The family is said to have lived on food stamps given out to the needy in the US.
#1 Breakup fee
This is somewhat like a breakup. Facebook will have to pay $2 billion if its acquisition of WhatsApp fails to get necessary approvals. Facebook said, "In the event of termination of the merger agreement under certain circumstances principally related to a failure to obtain required regulatory approvals, the merger agreement provides for Facebook to pay WhatsApp a fee of $1 billion in cash."
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