Facebook now fully owns WhatsApp, adds Jan Koum to board of directors

Facebook has completed its purchase of WhatsApp, the messaging giant it bought for $16 billion earlier this year.

All regulators, including those in the US and EU, have approved the transaction, and Facebook has brought WhatsApp CEO Jan Koum onto its board.

Koum will share Facebook CEO Mark Zuckerberg’s $1 salary, but gets nearly 25 million in restricted stock, which is valued at nearly $200 million USD.

WhatsApp is not going to change anytime soon, though. While Facebook is toying with the idea of adding a peer-to-peer payment channel to Messenger, WhatsApp is sticking with its no-nonsense subscription business model for the time being.