The biggest deal was disclosed yesterday on Thursday by Mark Zuckerberg who has agreed to buy fashionable mobile messaging services Whatsapp for a whooping amount of $19bn divided as $12 billion in Facebook stock, $4 billion in cash and the rest $3 billion as RSUs for retention of employees. Alongwith the contract also carries a huge termination fee to cost Facebook $1 billion each in cash and shares.
Whatsapp employees that currently count not more than 55 will get restricted stock carrying a vesting period of 3 years by Facebook and Mr. Jan Koum, the founder of Whatsapp along with his shares will also join Facebook Board.
Zuckerberg, CEO Facebook explains that the Whatsapp will continue to operate independently and retain its brand. He also explains his vision behind the biggest deal in the tech world:-
“He explains that WhatsApp which is a simple yet fast messaging service is currently used by more than 450 million people with more than 70% as active users amongst them. WhatsApp which is expected to add around 1 million users in a single day will help fulfilling Zuckerberg’s mission of connecting more and more people and help them getting open by sharing any content with any group of people they want.
Zuckerberg added that “WhatsApp will also take Facebook to a new level by combining with our existing chat and messaging services in order to provide new tool for our members”.
Taking about the deal Zuckerberg looks very excited quoting that now Jan Koum has agreed to join the Facebook Board to shape Facebook’s future as well as WhatsApp’s.
Stay along to know the future of Facebook!!