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The Final Closure of the Whatsapp – Facebook Deal

The Final Closure of the Whatsapp – Facebook Deal By – Oct 10, 2014 1 0 SHARE

Ever since Facebook acquired Whatsapp, it has been in the news for some reason or the other.

While it is worth adding that Facebook did keep its promise of allowing Whatsapp to function as a separate identity, there has been a huge furor raised, of late. The telecommunications industry in Europe raised a vehement protest against this deal because they were of the opinion that it will curtail the dynamic growth of the market and users will be left with narrow choices of apps.

However, the EU regulators studied the details of the whole deal, analyzed the scenario and finally approved the deal stating that both the firms; namely Whatsapp and Facebook are in fact not extremely close competitors and have largely separate markets. Thus, despite this deal, consumers shall still have a wide choice of apps and they should be able to enjoy the dynamic growth which the market must have.

The Final Deal Amount

When Facebook initially signed the deal for a whopping $19 billion, there were huge discussions everywhere. Though Whatsapp is immensely popular messaging platform, the amount was incredibly high. However, under the acquisition of Facebook, Whatsapp has managed to grow even further as the subscriber count has been increasing every day. Finally, as the deal closed; the amount stands at 22 billion dollars. This is once again an increase on the previous amount, but it takes into account all the growth that has taken place in recent times.

Now, after the approval from the EU commission, the deal stands finally closed and Facebook has fully acquired Whatsapp. There are a lot of other details that are a part of this deal. Facebook has vowed to keep this service separate and most importantly, unlike Facebook; Whatsapp will not be used for generating revenues from advertisements.

One of the founders; Jan Koum will continue to get a seat on the board and get his salary, which will approximately match that of Zuckerberg. The deal sheds complete details on the fate of the employees and the way the company will continue to function as well.

What Is The Future?

When it comes to the future of this deal, it looks like it is going to be a great one. Facebook is looking to acquire some of the top apps and become one of the most recognized and leading names in the field of internet communications. Zuckerberg wants to connect people all over the world. As per reports, it is believed that Zuckerberg wants to make internet accessible to a larger number of people even in areas which might have been otherwise inaccessible.

This deal is part of a larger goal. Facebook did keep Instagram as a separate identity and hardly interfered with its general working and operation. So, it should not come as a surprise that Facebook will keep Whatsapp separate as well. So far, the changes and updates that have come up, have been for the good. The changes in privacy settings have been greatly appreciated by almost all Whatsapp users.

 

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