we have a few other players, a , iple of smaller players think the needed a concern for this companiesheir exposure to prevent them from doing their core businesses because they do not want to lose any of those licenses. >> is this going to hurt their valuations at all? we have seen some mergers and acquisitions in messaging companies, but the valuations are not as high as what facebook paid for whatsapp. right that is true. you have to look at the deal separately. >> that is true. you have to look at the deals separately. when you look at the difference in the valuation, it does really has to do with size and scope and what they are really trying to do. so with the facebook acquisition of whatsapp, that is a europe yet -- that is a universal platform. facebook, they're fighting with apple, fighting with google to control be ecosystem. >> you are saying the ones in asia are a little bit smaller. >> they are smaller, they are more niche, for example like kakao, with mostly does games. >> praveen, he went for joining of bloombergenon industries. and facebook is also looking for a new hom