Reginal Thomas
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Facebook Paid $22 Billion To Finally Acquire WhatsApp

Facebook Inc. closed its acquisition of WhatsApp, the mobile messaging service, for $22 billion which is $3 billion on top of the initial offer. The increased price is due to the raised value of Facebook's shares. Jan Koum, WhatsApp's founder will get $2 billion in stock over a four year period as an incentive for him to stay with the company.