Daily Management Review

C.E.O’s Ill-Health Became Zuckerberg’s Chance To Grab WhatsApp From WeChat Company’s Plate: Bloomberg


06/29/2017


Timing and efficiency to carry out a quick deal enabled Zuckerberg to acquire WhatsApp.



WhatsApp was acquired by Facebook in return of a “hefty sum”, while a “new report” presented by Bloomberg Businessweek reveals that in the process of buying WhatsApp, the Chief Executive Officer of Facebook, Mark Zuckerberg, “apparently outbid a rival who had fallen ill”.
 
WeChat was created by Tencent, who had shown interest in acquiring WhatsApp in the early part of 2014. Is this deal were to take place, China would have received an instant expansion of holding the “most popular technology platform”. However, the co-founder of Wechat, Pony Ma, was then undergoing a “back surgery”, which did not allow him to reach Silicon Valley in time to bid in the deal, reports Bloomberg.
 
In fact, Zuckerberg’s offer turned out to be double of Tencent’s plan of acquiring the technology platform, as it has announced in the month of February 2014. The deal between WhatsApp and Facebook materialised very “quickly over a dinner meeting”. Although CNBN added:
“Bloomberg's report doesn't make clear if Zuckerberg knew about Ma's intentions and condition, and Facebook was not immediately available to comment on the report. WhatsApp has more than 1.2 billion users every month who send more than 50 billion messages per day, Facebook said on its Q4 2016 earnings call”.
 
 
References:
www.cnbc.com







Science & Technology

Motorola’s New Patent Will Self-Heal A Cracked Smartphone Screen

Auto Parts Out Of Wood Is What Japan Is Looking At Making

Security Firm Claims Hotel Guests Across Europe Were Targeted By Russia-Linked Hackers

World’s First Genetically-Modified Animal To Enter Food Supply Is Salmon

In The Future, UBS Analyst Says, Multiple Planes Could Be Operated From The Ground By Today’s Pilots

Will Germany save diesel?

How China became a pioneer of the solar industry

CNBC: Intel leaves the wearable gadgets market

Oculus Rift falls in price…again

Ukraine Police Official Says Likely Cover For Malware Installation Was Global Cyber Attack: Reuters

World Politics

World & Politics

Russia surpasses Saudi Arabia in oil production

China counts losses from sanctions against the DPRK

OCP Group Vs South African Courts: A storm is brewing on international maritime trade

Britain to conduct a study on labor migration after Brexit

CNN: Rex Tillerson may leave the post of US Secretary of State

Its South China Sea Territory Being Protected By Indonesia From 'Foreign' Threats

A Swarm-Like Attack From North Korea Could ‘Overwhelm’ South Korea's THAAD Missile Shield

Powerty in Italy tripled in 10 years