Facebook Buys WhatsApp For $19 Billion— February 20, 2014
NEW YORK: The largest social network Facebook Buys WhatsApp. Facebook has acquired the leader of internet messaging service on mobile WhatsApp for $19 billion.
This is the record ever acquisition of a firm by the social networking giant and WhatsApp will kept working as autonomous company just as Facebook did it with Instagram, which was bought around $715.3 million.
Facebook CEO Mark Zuckerberg has said that the combination of Facebook and WhatsApp will create a new history in internet messaging over Smartphone and Tablets and it is aimed to target many more people round the globe to stay connected.
facebook-whatsappTo boost the messaging service of Facebook, WhatsApp will provide new tools to FB community for developing a service that people would love to use every day.
The landmark deal has been struck because WhatsApp has seen an exceptional growth in the past years and now heading towards 1 billion active users by the end of this year.
Currently its is used by over 450m people on every major mobile platform.