Microsoft co-founder Bill Gates was recently interviewed by Rolling Stone where he revealed that his company was also interested in acquiring WhatsApp before Facebook stepped in. Here is what Gates said in the interview about the WhatsApp acquisition.
Rolling Stone: If there’s a deal that symbolizes where Silicon Valley is today, it’s Facebook’s $19 billion acquisition of WhatsApp. What does that say about the economics of Silicon Valley right now?
Gates: It means that Mark Zuckerberg wants Facebook to be the next Facebook. Mark has the credibility to say, “I’m going to spend $19 billion to buy something that has essentially no revenue model.” I think his aggressiveness is wise ? although the price is higher than I would have expected. It shows that user bases are extremely valuable. It’s software; it can morph into a broad set of things ? once you’re set up communicating with somebody, you’re not just going to do text. You’re going to do photos, you’re going to share documents, you’re going to play games together.
Gates added that Microsoft would have been willing to buy it too. “I don’t know for $19 billion, but the company’s extremely valuable,” added Gates in the interview
[Source: Rolling Stone]