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."
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RE: WhatsApp? What's that....and who will care in a year IMO?
2/21/2014 9:48:12 AM
That's an interesting point about the consolidation of services as the tech companies start merging. So they're on THAT phase of the cycle now, until at some point in the future, they're going to get a little too big for people to be comfortable with (or the management becomes lax as they're just WATCHING profits happen, almost as though magically and spontaneously). And then they will start withering and falling and dying, then they get broken back up in bankruptcy court, and then whole cycle starts all over again.
Yeah...it was pretty annoying when Google forced Youtube into Google accounts.
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