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Facebook eat up competition, Whatsapp soldout for $19 Billion

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The most popular social networking site Facebook on Wednesday announced that it will be going to buy the  fast growing mobile instant service WhatsApp for $19 billion. As known that the world’s largest social network is Facebook and the most growing instant messaging app is Whatsapp these two combine and boost up their popularity especially among smart world.

Communication is the one thing that you have to use daily, so combining text messaging and social networking, messaging apps provide a quick way for smartphone users to trade everything from brief texts to flirtatious pictures to YouTube clips.

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Facebook Chief Executive Officer Mark Zuckerberg said that WhatsApp has many users in the inspection of  past 2013 calendar WhatsApp users have sent 18billion messages and received 36bilion messages in return, this say the popularity of the Whatsapp.

WhatsApp will accompaniment our absolute babble and messaging casework to accommodate new accoutrement for our community,” he wrote on his Facebook page. “Since WhatsApp and (Facebook) Messenger serve such altered and important users, we will abide advance in both.

As allotment of the deal, WhatsApp co-founder and Chief Executive Officer Jan Koum will accompany Facebook’s board, and the amusing arrangement will admission an added $3 billion account of belted banal units to WhatsApp’s founders, including Koum.

Shares in Facebook slid 5 percent to $64.70 after hours, from a close of $68.06 on the Nasdaq.

Facebook said on Wednesday it will pay $4 billion in cash and about $12 billion in stock in its single largest acquisition, dwarfing the $1 billion it paid for photo-sharing app Instagram.

The price paid for Instagram, which with just 30 million users was already considered overvalued by many observers at the time.

Facebook promised to accumulate the WhatsApp cast and service, and apprenticed a $1 billion banknote alienation fee if the accord avalanche through.

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