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 12:26:36 PM
Skype went to Microsoft, Yahoo acquired Tumblr, and this ethics-challenged, global user sell-out land whale of a disgusting company swallowing up Instagram and this latest app should rightfully annoy the heck out of respective users.
Skype, Tumblr, Instagram, Whatsapp... they're great from what I know, but think about them as being used as alternatives to MS, Yahoo and FB services. If I was a big user of this messaging service I'd be incredibly pissed and searching for something new. I explicitly avoid companies that are really a front for advertising and data-mining.
“Then they pop up and say ‘Hello, surprise! Give us your money or we will shut you down!' Screw them. Seriously, screw them. You can quote me on that.” -- Newegg Chief Legal Officer Lee Cheng referencing patent trolls
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