Google Offered WhatsApp $10 Billion
Facebook, the worlds largest social network, agreed to acquire mobile-messaging startup WhatsApp Inc. for as much as $19 billion in cash and stock, seeking to expand its reach among users on mobile devices. In this photo, the mobile-messaging application WhatsApp and the Facebook application are displayed along with other apps on an Apple Inc. iPhone.
Thursday, Feb 20, 2014 Updated at 5:15 PM PDT
Google offered WhatsApp $10 billion to sell, but was turned down for Facebook's $19 billion offer, according to a report.
The surprisingly brief report appeared today and said that two unnamed sources had confirmed that Google had offered the makers of WhatsApp $10 billion to buy the startup, according to Forbes.
Google chief Larry Page met with Jan Koum, WhatsApp's chief executive to prevent the sale to Facebook, according to The Information. While Page made a plea for independence rather than joining Facebook and its board of directors, Koum apparently decided to take the heftier deal.
Both reports cite sources with knowledge of the deal, which makes use think Koum or someone from WhatsApp is spilling secrets. (The Information reporter/founder Jessica Lessin is also married to Facebook executive Samuel Lessin, too.)
It seems Facebook didn't want a repeat of Waze
and was willing to make an offer that had to hurt rather than let WhatsApp slip away. With its efforts at acquiring Snapchat thwarted
, it seems WhatsApp might be the only other viable option -- and Facebook was willing to pay the $19 billion price.