Google Offered $10B for WhatsApp Before Facebook Swooped In
February 20, 2014 9:22 AM
comment(s) - last by
Google's offer lacked the board seat Facebook gave up
Yesterday we mentioned that
Facebook had plunked down a huge amount of cash
to buy the WhatsApp messenger service. The purchase cost Facebook a whopping $16 billion in cash and stock.
A new report from Fortune claims that Facebook wasn’t the only major tech firm sniffing around WhatsApp. Google also reportedly made an offer to buy the company for $10 billion.
Google's offer was not only significantly less than the one made by Facebook, but the Google offer also reportedly didn’t come with a seat on the board as Facebook's did.
Many of our readers have commented that
they are flabbergasted
as to why such a simple app would be worth so much money to Facebook and the reasons are quite simple. The service has 450 million active users and is gaining one million new users each day. Many companies would kill for the information that can be skimmed from those users.
As Facebook CEO Mark Zuckerberg said in a conference call following the announcement, "WhatsApp is the only app we’ve ever seen with higher engagement than Facebook itself."
This article is over a month old, voting and posting comments is disabled
RE: I think I see what happened
2/20/2014 5:49:27 PM
Give Kakaotalk a shot. It also supports free messaging, picture and video sharing, voice messaging. But it also has VoIP (internet phone calls with other members), group chat, group (conference) calls, push to talk.
Google Hangouts actually has most of these features too. Kinda makes me wish these companies would stop trying to become the gatekeeper (a la Skype) and just write compatibility layers so you could interconnect their different environments. That's what happened in the 1980s when ARPANet, Bitnet, etc. decided to allow data transfer between each other leading to the Internet as we know it today.
"I modded down, down, down, and the flames went higher." -- Sven Olsen
WhatsApp-ening?? Facebook Purchases WhatsApp Messaging Service for $16B
February 19, 2014, 5:47 PM
Paramount Bans Team America Screenings, Cowers Submissively to North Korea
December 18, 2014, 10:26 PM
News Corp's Fox is Terrified of North Korea, Kills Upcoming Steve Carell Film
December 18, 2014, 4:09 PM
NPD: Online Shopping is up in 2014, But Brick & Mortar Retail is Booming Too
December 12, 2014, 9:09 AM
Amazon Joins 4K Arms Race, With Free 4K Streaming for Prime Members
December 10, 2014, 10:49 AM
Obama Tells Your Kids to Get Coding for CS Education Week
December 9, 2014, 8:01 AM
Microsoft Offers Office, Xbox, Skype Online Services Bundle for $149 -- 65% Off
December 8, 2014, 2:32 PM
Most Popular Articles
BlackBerry Classic Sells Out Online (Seriously, It Has) for North America
December 15, 2014, 7:07 PM
LaWS (Laser) "Kills" Boat-Hauled Fuel Tanks, UAV "Bomber" in the Persian Gulf
December 12, 2014, 8:31 PM
Quick Note: Windows Phone Finally Gets Candy Crush Saga
December 13, 2014, 2:03 PM
Lamborghini Offers Up $6,000 Leather-Bound Android Smartphone
December 12, 2014, 3:12 PM
After Coming So Close to Recovering, Northern White Rhino is Nearly Extinct
December 15, 2014, 11:30 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information