Facebook to Buy WhatsApp for $16 Billion
Feb 19, 2014, 5:13 PM by Eric M. Zeman
Facebook has agreed to purchase WhatsApp, a maker of over-the-top messaging applications for smartphones. The deal is valued at about $16 billion, including $4 billion in cash and $12 billion in stock. The WhatsApp messaging service is available to the Android, BlackBerry, iOS, and Windows Phone platforms and lets users avoid texting fees by sending messages through data networks instead. Facebook said the acquisition will help it "accelerate growth and user engagement across both companies." WhatsApp counts about 450 million users, 70% of which are active each day. Facebook said that Facebook Messenger and WhatsApp will be operated separately.
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