Facebook acquires WhatsApp Messaging Service for $19 billion in cash and stock deal

Credit www.mashable.com

"WhatsApp is on a path to connect one billion people. The services that reach that milestone are all incredibly valuable," Zuckerberg said.

Facebook acquires mobile messaging company WhatsApp for a whopping $19 billion ($4 billion in cash and around $12 billion in stock).

WhatsApp's CEO and co-founder Jan Koum will be joining the Facebook Board of Directors. WhatsApp messaging service and Facebook messenger will continue to operate as standalone products.


Read more