Facebook has finally acquired WhatsApp in a deal worth $19 billion. WhatsApp co-founder and CEO Jan Koum will become a member of Facebook's board of directors. This announcement came through Security and Exchange Commission United States. This is the biggest deal by Facebook.
On February 19, Facebook revealed that it planned to pay $19 billion in cash and stock to acquire the popular messaging app, the largest deal in the company's history. As part of its attempt to win regulatory approval, Facebook promised that WhatsApp would remain a separate entity. The deal still raised privacy concerns
from the Federal Trade Commission. FCT want WhatsApp to continue the policy of not collecting usernames, locations, email address or other data, and that the company not share users' phone numbers with third parties.
Facebook CEO Mark Zuckerberg and Koum promised that WhatsApp's privacy policies would always remain the same. FTC on the other hand said it would keep a watchful eye on the two just to be sure.
The social network business is a booming one with so many competitions like Line, Viber, iMessage, Telegram, WeChat and Google Hangouts. Yahoo said last Friday that it acquired MessageMe, a service similar to WhatsApp, and it's reportedly in talks to invest in the popular messaging app Snapchat.
posted from Bloggeroid
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