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."