But they weren't the only tech giant who wanted to buy in.
See also: Announce: Facebook Buys WhatsApp for $19 Billion
The tech community is abuzz with the news about Facebook’s acquisition of WhatsApp. Most have been wondering what made Facebook dole out such a huge amount of cash for a company that offers services similar to what Facebook Messenger does. Well, according to Fortune, Facebook wasn’t the only one who wanted to get their hands on WhatsApp. Reportedly, Google offered WhatsApp $10 billion for an acquisition deal. Although unlike Facebook, no board seat was offered along. Also, Google had even offered WhatsApp a payment for dropping them information in case some competitor made an offer to buy out the company.Why would both these giants spend so much on a service that they can role out themselves? Well, its not the technology, but the userbase that put WhatsApp’s evaluation at such a huge some. With close to 450 million users, over 300 million of which use it everyday, it was easily one of the hottest properties in the market right now for tech giants to acquire. And just so that their competitors don’t gain an edge, companies are ready to spend ridiculous amounts of cash and stay secure. We’re starting to wonder if Viber jumped the gun too soon?
Source:theverge
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