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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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Comments

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This forum is closed.

aeternavi

Feb 19, 2014, 5:20 PM

Taking bets now!

Facebook vs Google, who buys who, when and for how much.

*DING DING DING!!!*

gfondeur

This it's getting interesting,

...

loco503

Feb 20, 2014, 10:00 AM

Ahead of the Bell: Facebook shares stumble

Shares of Facebook slipped Thursday morning after the world's biggest social networking site surprised Wall Street by spending $19 billion on the messaging service WhatsApp.

Analysts that follow the company had mixed feelings on the deal, which Sterne Agee called strategically sound. But Pacific Crest Securities said it would have preferred to see Facebook grow organically, or at least act sooner on such acquisitions to avoid the sticker shock.

WhatsApp is a global messaging service for smartphones. It allows users chat with their phone contacts, both one-on-one and in groups, and well the sending of texts, photos, videos and voice recordings.

Facebook said Wednesday that it's paying $12 billion in stock and $4 billion in cash for t...
(continues)

Doom Wolf

Miss'd 'em.

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