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More Stories WhatsApp will continue to operate independently within Facebook. The product roadmap will remain unchanged, he said. Analysts say the staggering price tag of up to $19 bn in stock and cash highlights Facebook's drive to be more mobile and to remain innovative. That deal, the third-largest acquisition since the financial crisis, shot Morgan Stanley to the top of Thomson Reuters ranking of the 100 biggest dealmakers. The stated mission was to build a better alternative to traditional SMS messaging in a world where smartphones were clearly becoming ubiquitous. The answer lies in what unites the two services -- they're by far the top two drivers for mobile Internet adoption in India. Like technology titans Bill Gates and Mark Zuckerberg, Koum dropped out of college, but in his case, it was San Jose State rather than Harvard. Overshadowing even release of Samsung's new Galaxy S5 smartphone, Facebook's deal reflects a structural shift towards mobile by Internet. The stunning price tag for a company that employs just 55 people is likely to boost valuations of other popular messaging applications. Here are some other notable deals involving US tech companies, in order of dollar amount from largest to smallest: WhatsApp was launched five years ago as a shot at doing to text messaging what Skype did to telephone calls. |
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