Nigeria Tech
- Facebook Buys Oculus Virtual Reality Techonology Comnpany
Oculus Virtual Reality (OVR) head gear is among the latest developments in the virtual reality and gaming world that has caught the attention of so many people including big companies like Google, Apple and the likes. The company behind OVR head...
- Lenovo Buys Motorola For $2.91 Billion
The rumour of Lenovo wanting to buy Motorola was confirmed few hours ago and the deal finally went through. Lenovo which is a strongly emerging Chinese computer company was making a bid to buy Motorola from Google few days back when the rumoured...
- Blackberry Sold To Fairfax For $4.7 Billion
Most of the media was busy bashing and writing about the 4500 job cut and the almost $1 billion loss being the last nail in the coffin for BlackBerry. Not to even talk about the failed launch of BBM for Android and iPhone last week, today...
- Microsoft Buys Nokia
Nokia have sold it's handset unit to the Software giant Microsoft for $7.2 billion This occurrence is of course inevitable seeing how software companies are increasingly moving into the hardware market so as to have total control on the hardware...
- Whatsapp Messenger For Blackberry 10 Updated
The popular cross platform Instant social messaging app Whatsapp for BlackBerry 10 just got an update. Various updates have been rolled out by Whatsapp over these past few months. This could be due to the announcement by BlackBerry to make BlackBerry...
Nigeria Tech
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.
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- Facebook Buys Oculus Virtual Reality Techonology Comnpany
Oculus Virtual Reality (OVR) head gear is among the latest developments in the virtual reality and gaming world that has caught the attention of so many people including big companies like Google, Apple and the likes. The company behind OVR head...
- Lenovo Buys Motorola For $2.91 Billion
The rumour of Lenovo wanting to buy Motorola was confirmed few hours ago and the deal finally went through. Lenovo which is a strongly emerging Chinese computer company was making a bid to buy Motorola from Google few days back when the rumoured...
- Blackberry Sold To Fairfax For $4.7 Billion
Most of the media was busy bashing and writing about the 4500 job cut and the almost $1 billion loss being the last nail in the coffin for BlackBerry. Not to even talk about the failed launch of BBM for Android and iPhone last week, today...
- Microsoft Buys Nokia
Nokia have sold it's handset unit to the Software giant Microsoft for $7.2 billion This occurrence is of course inevitable seeing how software companies are increasingly moving into the hardware market so as to have total control on the hardware...
- Whatsapp Messenger For Blackberry 10 Updated
The popular cross platform Instant social messaging app Whatsapp for BlackBerry 10 just got an update. Various updates have been rolled out by Whatsapp over these past few months. This could be due to the announcement by BlackBerry to make BlackBerry...