Breaking: Facebook buys WhatsApp for approx. $16 billion

Breaking: Facebook buys WhatsApp for approx. $16 billion

Facebook has announced it’s acquiring WhatsApp for approximately $16 billion, bringing one of the most popular mobile messaging services into the fold of the most popular social media platform.

The move "accelerates Facebook’s ability to bring connectivity and utility to the world," Facebook said in announcing the acquisition.

WhatsApp will continue to operate independently and will keep its brand, Co-Founder and CEO Jan Koum will join Facebook’s Board of Directors.

More to follow…

    



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