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Facebook Acquires WhatsApp

 

Giant social network Facebook announced on Wednesday  it was buying the fast-growing mobile messaging service WhatsApp for more than $16 billion in cash and stock, broadening  the global mark of the social networking giant.

The deal strengthens the world’s largest social network by adding 450 members of WhatsApp, which will be operated independently with its own board.

Meanwhile, both our pleased with the outcome. CEO/ founder of WhatsApp expressed his anticipation of working with WhatsApp and with  its people.

"I’ve known (WhatsApp founder) Jan (Koum) for a long time and I’m excited to partner with him and his team to make the world more open and connected."