Facebook announces to Buy Whatsapp
Facebook announces to buy Whatsapp
-Facebook announces to buy Whatsapp in USD 19 billion in cash and stock, as the world's largest social network looks for ways to boost its popularity, especially among a younger crowd.
- If one guesses how much big the deal is, Here are some facts- The Whatsapp has been valued more than some giant Indian Companies like SBI, NTPC, M&M and only few Indian companies are valued more than this deal these Companies inclued Reliance, ONGC, NTPC, ITC, Infosys. Isn't it amazing?
-The deal shall be paid as USD 4 billion in cash and about USD 12 billion in stock in its single largest acquisition and additional USD 3 billion shall be granted as worth of restricted stock units to WhatsApp's founders, including Koum
-Now on wards Whatsapp Founder Jan Koum will Facebook's Board.
- Also Facebook promised to keep the Whatsapp brand and service.
So Cheers for Whatsapp, USD 19 Billion is not a small amount
Great thing to hear. These takeovers inspires the upcoming enterpreneurs. It will motivate many people to start their own business and build some great products.
The developers of WHATSAPP were ex-yahoo employees and started this app after quitting their jobs.
If you convert this money in Indian Rupees, you will be shocked to see it.
1 Doller = 62 Rs.
1 Billion = 100 crore
So the money in INR is 19*62*100 crore = 117800 Crore Rs.
This is the money more than total networth of Anil Ambani, Mukesh Ambani (~), Rakesh Jhunjhanwala etc.
Well said creativity and hard work has a price and today its proved.