Facebook buys WhatsApp for 19billion USD

Facebook on Thursday gave a thumbs up to buy mobile messaging service WhatsApp for a wooping price of 19billion USD, making it the companies largest acquisition. According to the terms of conditions of the deal, all the 55 WhatsApp employees including its Founder and CEO will be given restricted stocks worth 3billion USD. It is being said that Facebook has bought the InstantMessagingService(IMS) for getting a foothold in the mobile messaging market.Below is a … [Read more...]

Facebook offered $1 billion to acquire snapchat.

Facebook reportedly offered $ 1Billion to acquire Snapchat in a bid. Evan Spiegel CEO of the photo-sharing app turned down the offer, although sources did not specify when the offer took place. Last year Facebook offered the same amount to buy Instagram. Snapchat claims that its users send 350 million photo-messages per day which will help Facebook to corner the market on popular photo-sharing app. … [Read more...]