Facebook Acquires Whatsapp For $16 Billion

A rumor long ago was that Facebook and Google were bidding to buy Whatsapp for an unquoted price. The rumor was later dispelled and the matter became of the past.

However, this time, Facebook have agreed to acquire Whatsapp, the social messaging company/app for $16 Billion: this is not a rumor as it was confirmed by Facebook. According to Facebook, the $16 billion will include $4 billion in cash and about $12 billion worth of Facebook shares.

The agreement also provides for an additional $3 billion in restricted stock, to be granted to WhatsApp's founders and employees, that will vest over four years once the deal closes and also see the CEO of Whatsapp joint the board of directors at Facebook.

To date, this is the largest buy over that Facebook has done - the deal with Instagram ($715.3 million) doesn't even come close.

Facebook says it would keep Whatsapp as a separate entity just like it's doing on Instagram.

Like our Facebook page and follow us on Twitter for more smartphone gist and helps.

Comments

Tecno M3 Specifications and Features

Tecno is making the news again after a slight break. This time around Tecno have released a low-end smartphone called Tecno M3 for those that are on a tight budget. This phone comes with 8GB internal memory card, USB adapter & charger, earphone and a plastic case. Although Tecno L3 and D3 are almost the same with M3, M3 has a better camera (5mp) with more swift feel especially when browsing. L3 on the other hand has a better battery performance but much slower internet speed. As we said in one of our posts, the 3 is a designation for low-end devices and the newly released L3 and M3 is proof of that. For a device of the price, feel and usage is smooth enough. Make sure you check the speaker of your M3 since some have reported that its not too clear. Below is the specifications of the M3 low-end smartphone. Network : the new M3 supports both 2G and 3G networks Connectivity : Bluetooth 3.0 with Advanced Audio Distribution Profile (A2DP). It also has

How To Root Tecno Phantom A (Tecno F7)

There are no limit to the possibilities one can achieve on a rooted Android device compared to one that isn't rooted. As you know, Rooting is to Androin as Jailbreak is to iOS. For those that don't know what rooting means, a little definition will suffice. Rooting basically means that you install a set of programs on your phone that gives you total control over your device. Total control means that you have the right to install any applications or even delete core applications that you don't want. Simply put, you have administrative rights over your device, giving you super user access, and of course, you can use DroidVPN to have free unlimited internet. The guide below shows how you can root Tecno Phantom A also known as Tecno F7 and its super easy to achieve. Don't forget to like us on Facebook. Requirements 1. Computer with internet connection 2. PdaNet+ V4.12 zipped file 3. eroot_v1.3.3 zipped file 4. USB to connect your device to the

Infinix Alpha Marvel (X502) Detailed Hands - On Review

We have spoken about the Infinix Alpha Marvel smartphone recently and now its officially available for purchase. its expected features were talked about which were not far at all from the real thing. Today, we had an opportunity to lay our hands on the Infinix Alpha Marvel (X502) smartphone and it was splendid using the device. The X502 didn't go too stray from the leaked specifications and we are giving you a hands - on review just after the break. The Infinix Alpha Marvel which we shall refer to as X502 from now on is a 5 inch touchscreen device with gorgeous screen display and comfortable feel to the hand. Even though it has an all metallic finish to it, its quite light in terms of weight compared to the Infinix X570 that was released about 2 months ago. On purchase, it comes bundled with a flip case along with the phone and its accessories. Dimension, weight and casing The X502 has a dimension of 147 x 72.1 x6.98 mm and a weight of 0.56w/Kg. Con

All About Smartphones

Search This Blog