Facebook set to acquire Whatsapp mobile messaging apps in a ground breaking deal valued at about $16 billion

Facebook has just announced its move to buy the popular mobile messaging app Whatsapp, in what appear to be first of its kind in social media acquisition in a ground-breaking deal of about $16 billion. 

The deal involves making whatsapp a fully owned subsidiary of Facebook, where the sum of $4billion will be offered initially and the remainder of the sales price offered in form of Facebook shares.

Report has it that Facebook will also offer additional $3billion in Facebook stock to whatsapp founders and to about 50 of its employee which will spread for a period of four years.

With the ever increasing popularity of whatsapp mobile messaging app across the world, whatsapp is said to be one of the largest mobile messaging app as of today with all its users freely and frequently sending out volumes of text messages on daily basis. 

As of today, whatsapp boast of having over 400 million active users making use of the app monthly, and with such statistics one could easily state that it is a step in the right direction on the part of Facebook and which could turn out to be of immense benefit to them on the long run.

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Facebook has in the past introduced similar service known as Facebook messenger, but did not actually see the light of the day like whatsapp which is said to have a mile stone target of connecting about 1 billion people together.

Mark Zuckerberg, the CEO of Facebook has acknowledged that partnering with Whatapp CEO Jan Koum will be wonderful and will even bring the world more open and connected.

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While on the other part, Jan Koum has admonished all whatsapp users to remain calm and not to panic on what will become of the whatspp thereafter the deal. 

He went ahead to assure users that whatsapp will continue to remain autonomous and nothing at all will change when making use of the service, and that users will still enjoy the full benefit of the service at the infinitesimal annual fee and that no distracting ads will be seen; just the same way they use it formerly.

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Finally, the deadline set for the completion of the whole deal was set on the 9^th of August 2014 in which it was said that if Facebook by any means fails to seal up the deal on or before that deadline date, then it will have to pay whatsapp $1billion in cash and another $1 billion in Facebook stock.