Facebook on Wednesday announced the acquisition of WhatsApp in a $19 billion deal geared toward increasing its global connectivity. The company paid $4 billion in cash, $12 billion worth of Facebook shares and an additional $3 billion in restricted stock to acquire WhatsApp. Facebook was drawn to the company’s ability not only to connect mobile users worldwide, but also to sustain rapid growth in a competitive arena. More than 450 million people use WhatsApp each month, with 70 percent of them active on a given day.
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Facebook Wins WhatsApp Gold
Posted by: Rachelle Dragani February 20, 2014 11:34 AMFacebook on Wednesday announced the acquisition of WhatsApp in a $19 billion deal geared toward increasing its global connectivity. The company paid $4 billion in cash, $12 billion worth of Facebook shares and an additional $3 billion in restricted stock to acquire WhatsApp. Facebook was drawn to the company’s ability not only to connect mobile users worldwide, but also to sustain rapid growth in a competitive arena. More than 450 million people use WhatsApp each month, with 70 percent of them active on a given day.