Facebook snaps up messaging service WhatsApp in $19bn deal

Facebook is to buy the messaging service WhatsApp for $19bn, the social media company said on Wednesday.WhatsApp, which said last December that it had 400m users worldwide, allows unlimited free text-messaging, and is among the world’s most downloaded mobile application. Facebook’s successful bid comes after Google reportedly made a $1bn offer for the company last year.
http://www.theguardian.com/technology/2014/feb/19/facebook-buys-whatsapp-16bn-dealAlso see:Facebook to Buy Messaging Start-Up in $16 Billion Deal
Facebook said on Wednesday that it would acquire WhatsApp, a messaging start-up, for $16 billion in cash and stock.The eye-popping price is Facebook’s largest acquisition by far and marks a new height in the frenzy to acquire popular technology start-ups.

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