Facebook to buy WhatsApp

NEW YORK (TIP): Facebook is buying mobile messaging service WhatsApp for up to $19 billion in cash and stock, by far the company’s largest acquisition. The world’s biggest social networking company said on Wednesday that it is paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp.

In addition, the app’s founders and employees will be granted $3 billion in restricted stock that will vest over four years after the deal closes. Facebook says it is keeping WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.3 million.

WhatsApp has more than 450 million monthly active users. In comparison, Twitter had 241 million users at the end of 2014. Facebook chief executive Mark Zuckerberg says WhatsApp is on path to reach a billion users.

- Advertise Here Call +1 646 247 9458 -

Trending (48 Hours)

Trump drops a bombshell: Says won’t accept poll results in case...

LAS VEGAS (TIP): Republican presidential nominee Donald Trump threw hints, October 19 that he may not accept defeat in the presidential polls which he...
- Advertise Here Call +1 646 247 9458 -