Facebook has today completed the acquisition of WhatsApp. The deal was closed eight months after the social giant announced the $19 billion deal to acquire the social messaging service. Also Read - WhatsApp is soon to change the way your data is backed up: What it means?Also Read - WhatsApp introduces 'Papa Mere Papa' stickers to celebrate Father's Day: How to download, send?
Re/code however reports that the deal s worth has risen to $21.8 billion, owing to the increase in the value of Facebook s stocks. The completion of the deal comes days after the European Union regulators gave a green light for the deal to go through. Also Read - Father’s Day 2021: Here's Best WhatsApp Happy Father’s Day stickers, wishes, GIFs, messages, quotes and more
WhatsApp s CEO Jan Kuom joins Facebook s board and will receive an annual base salary of $1 just like Facebook CEO Mark Zuckerberg. Additionally, Kuom will also get restricted stock units worth nearly $2 billion.
While WhatsApp is now a part of Facebook, the latter has promised that it would let WhatsApp function independently just like Instagram and Oculus. Earlier this year, the social messaging services user base crossed 600 million within five years of launch. In India, it has more than 60 million monthly active users.