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

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Poland refuses to join EU 2050 climate deal

EU to fight food waste

Mexico approves amendments to NAFTA

Finnish parliament to vote for prime minister

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation