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Facebook agreed to acquire WhatsApp for $19 Billion


Facebook Inc., the world’s largest social network, agreed to acquire mobile-messaging startup WhatsApp Inc. for as much as $19 billion in cash and stock, seeking to expand its reach among users on mobile devices.

The purchase would be the biggest Internet deal since Time Warner’s $124 billion merger with AOL in 2001, according to data compiled by Bloomberg. The accord includes $12 billion in stock, $4 billion in cash and $3 billion in restricted shares, Facebook said today in a statement. WhatsApp has more than 450 million members, with 1 million users being added daily.

http://www.bloomberg.com/news/2014-02-19/facebook-to-buy-mobile-messaging-app-whatsapp-for-16-billion.html