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Meet Jan Koum, the CEO of WhatsApp

New Delhi: Facebook Inc, the world's largest social network, has agreed to acquire mobile-messaging startup WhatsApp Inc for $19 billion in cash and stock, seeking to further expand its reach among wireless users. And with

India TV News Desk Updated on: February 21, 2014 7:24 IST


Besides its founders, the Facebook-WhatsApp deal also means a lot to Sequoia Capital, which invested $8 million into the service in 2011. The deal was led by Jim Goetz, who also invested in AdMob and Palo Alto Networks. To date, Sequoia is the only venture partner in WhatsApp.

The holding is valued at about $3.5 billion after Facebook offered as much as $19 billion for the company, said the people, who asked not to be identified because details of the investment are private. A stake of 15 per cent would yield about $3.5 for the venture capitalist firm.

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