WhatsApp Reportedly Snubbed $10B Offer from Google Before $19B Facebook Buyout

timberlake on whatsapp social networkYou may have been shocked to hear that Facebook payed a whopping $19 billion to acquire mobile messaging service WhatsApp. But did you know that WhatsApp previously spurred a $10 billion offer from Google? Beyond the additional cash and stock options provided by Facebook, WhatsApp cofounder Jan Koum was also given a seat on the Facebook board (along with a large portion of of Facebook’s cash reserves), a feature that reportedly wasn’t part of Google’s offer.

The flurry of news has taken application developers and entrepreneurs by surprise – everyone is still trying to wrap their heads around how Instagram was purchased for nearly 1 billion dollars, let alone understand how WhatsApp could be purchased for $19 billion! Apparently things move fast from year to year, and a billion dollars isn’t as cool as it used to be. Just ask Snapchat, which laughed off Facebook’s previous $3 billion offer.

whatsapp facebook buyout

Do you think Facebook paid too much for WhatsApp or was the price just right?

Comic by CommitStrip
via CNN

Daniel Zeevi

By Daniel Zeevi

Daniel is a social network architect, web developer, infographic designer, writer, speaker and founder of DashBurst. Full-time futurist and part-time content curator, always on the hunt for disruptive new technology, creative art and web humor.

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