In what could be called social networking
giant’s biggest acquisition to date,
Facebook is purchasing WhatsApp for
$19bn.
WhatsApp has more than 450 million
monthly users and is popular with people
looking to avoid text messaging charges.
"In a statement announcing the deal,
Facebook founder Mark Zuckerberg
described WhatsApp’s services as
“incredibly valuable”.
The deal to buy it includes $4bn in cash
and approximately $12 billion worth of
Facebook shares, plus an additional $3
billion in stock to WhatsApp’s founders
and employees at a later date.
Prior to this acquisition, Facebook’s
biggest buy had been Instagram for $1bn
in 2012.
It had also reportedly offered $3bn to
acquire photo messaging service
Snapchat.
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