
With the per-day volume at 19 billion messages sent and 34 billion received, the messaging service will soon trump the total global SMS volume.

(now Meta Platforms) announced it was acquiring WhatsApp for US19 billion, its largest acquisition to date.

of Mountain View, California, which was acquired by Facebook in February 2014 for. Despite its size, WhatsApp’s growth remains robust: It has gained 500 million new customers over. The client application was created by WhatsApp Inc. WhatsApp tops that chart in not just number of users but also engagement. The deal was valued at 19 billion, the largest acquisition by the social media giant to date. When Facebook announced its plans to acquire WhatsApp in February 2014, WhatsApps founders attached a purchase price of 16 billion: 4 billion in cash and 12. The deal, signed in February, was recently approved by the European. At that time, the service had 500 million users it now boasts over 2 billion users today. ( FB) recently completed the acquisition of Mountain View, California-based WhatsApp. Popular services such as WeChat, Line and Viber each have more than 100m users. published JanuWhatsApp privacy policy Facebook (Image credit: Harish Jonnalagadda / iMore) Facebook acquired WhatsApp back in February 2014 for a staggering 19 billion. The explosion in the number of smartphones in recent years has also seen a boom in instant messaging services. (parent) entered into an agreement and plan of merger and reorganization (the merger agreement) with rhodium acquisition sub ii, inc., a delaware. Markos Zachariadis at Warwick Business School, said, “Facebook’s purchase of WhatsApp is in many ways an admission of defeat.”

Why is it so popular? Founder Jan Koum told the New York Times in 2012, “We are providing a richness of experience and an intimacy of communication that e-mail and phone calls simply can’t compare with.”įacebook has been pushing its own messenger service to its users, but without much success. Launched in 2009 by two former Yahoo employees, in just over four years WhatsApp has grown to 420m monthly users.

