Introduction Why was facebook’s acquisition of whatsapp for $21.8b approved

Facebook named WhatsApp co-founder and CEO Jan Koum to its board Monday. WhatsApp is through a ways the biggest acquisition for the Menlo Park, California, employer and larger than any deals made by using Google, Microsoft or Apple.

The charge that Facebook became willing to pay raised eyebrows when the buyout was announced on Feb. 19, although analysts agreed that landing the famous web page made sense. Including coins, stock, and limited stock offered to WhatsApp personnel, the deal is worth $21.Eight billion primarily based on Facebook’s stock price on Monday.

WhatsApp has been growing swiftly, especially in growing nations like Brazil, India, Mexico and Russia, and now has more than 500 million customers.

WhatsApp shall we users chat with their smartphone contacts, both one-on-one and in groups. It also permits humans to send texts, pictures, videos and voice recordings over the Internet and permits them to textual content or name people foreign places without heavy costs. Free to use for the first 12 months and costing $1 consistent with yr after that, the service has no advertising and marketing.

Facebook, which has its cellular messaging app referred to as Messenger, plans to maintain WhatsApp as a separate service.

The acquisition was accredited by antitrust authority of the European Union on Friday.

Facebook’s stocks climbed 11 cents to $77.56 in afternoon trading on Monday.

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