9 Must Know Facts About Facebook-WhatsApp Deal


#3 WhatsApp founder has Ukrainian origin

Jan Koum, the founder and CEO of WhatsApp, has a Ukrainian origin. He was brought up mostly in the Ukraine and moved to California during his teenage. Koum’s eastern European background was the real insight for the WhatsApp creation, as per Jim Goetz, the venture capitalist of Sequoia. WatsApp, the Silicon Valley Company, have grown rapidly with 450 million users in five years and toting up next million daily.

#2 Informal Talks went for over two years

Informal talks between Facebook and WhatsApp had been continuing for two years. Mark Zuckerberg, the facebook founder and Jan Koum, WhatsApp co-founder had a meet up in California in 2012. As per reports this meeting became the ground for sealing the deal between these two companies.

#1 Break Up Fee

If facebook’s acquisition of WhatsApp fails to obtain basic approvals, the social networking giant has to pay $2 billion. If merger agreement is terminated under certain circumstances mainly due to failure in gaining approvals, Facebook needs to pay WhatsApp $1 billion in cash, Facebook mentioned in a statement.

 

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