Facebook Inc (FB.O) closed its acquisition of mobile messaging service WhatsApp on Monday, with the final price tag rising an additional $3 billion to roughly $22 billion because of the increased value of Facebook's stock in recent months.
Facebook (FB.O), the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry.
Software giant Google Inc plans to launch a mobile messaging app it is likely to test in India and other emerging markets, the Economic Times newspaper reported on Friday, citing sources.
European Union antitrust regulators will decide by Oct. 3 whether to clear world No. 1 online social network Facebook's $19 billion offer for mobile messaging startup WhatsApp, the European Commission said on Monday.
A spokesperson from SingTel said that the company has no plans to pass charges to its clients who had been using OTT services like WhatsApp, said a ChannelNewsAsia report.
After experiencing three hours and a half of server shutdown last Saturday, WhatsApp rivals Telegram and Line gained a lot of new global users.
Menlo Park, US-based venture capital firm Lightspeed Venture Partners invested an undisclosed amount in San Jose Spiders, a professional Frisbee league owned by Cisco Systems Inc president Rob Lloyd.
Messenger app for smartphones, WhatsApp, suffers from a series of chain letter hoax after being purchased by social media giant Facebook last February 19.
Tokyo-based mobile messaging app Line Corp could reach its goal of 500 million instant messaging users by the end of this year even as it thinks about a possible IPO, Bloomberg reported.
With the spotlight suddenly turned on messaging apps after Facebook acquired WhatsApp, Chinese app WeChat released a major upgrade for the iOS and Android versions with new features such as real-time location sharing and chat history search.
Within just 24 hours, Zurich, Switzerland-based encrypted messaging startup Threema soared to the top of Germany's paid App Store chart due to a 200,000 subscriber addition, 80% of which are in Germany.
From the viewpoint of venture capital, the real victors of the recently-announced acquisition of WhatsApp by Facebook are Sequoia Capital and Partner Jim Goetz, TechCrunch reported.
Facebook will be buying WhatsApp in a cash and stock deal worth $16 billion. The messaging giant will also be retaining its brand and will function as an independent unit, TechCrunch reported.
Subscribe to VCpost newsletter
- Michigan becomes fifth U.S. state to thwart direct Tesla car sales
- Boeing and Chinese partner to make jet fuel from 'gutter oil'
- Google launches new email service dubbed 'Inbox'
- Asia stocks hobbled by growth woes, China PMI fails to impress
- Japan casino bill delayed again; resort opening could miss Olympics: sources
- Investors seek delay to HK-Shanghai stock tie-up
- Investors seek more time to prepare for Hong Kong-Shanghai stock tie-up
- Standard Life, ICBC to broaden cooperation in China, UK, Hong Kong