Facebook buying WhatsApp for $US16 billion
- 19 February, 2014 22:23
Facebook has agreed to buy mobile messaging app, WhatsApp, for $US16 billion in cash and stock, the social network said Wednesday.
Facebook plans to buy the company for $US12 billion in Facebook shares and $4 billion in cash. WhatsApp will continue to operate "independently" and retain its brand, Facebook said.
WhatsApp has 450 million monthly users, and 70 per cent of those people access the service daily, Facebook said.
"WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," Facebook CEO, Mark Zuckerberg, said in a statement.
(More to follow)
Join the Computerworld Australia group on Linkedin. The group is open to IT Directors, IT Managers, Infrastructure Managers, Network Managers, Security Managers, Communications Managers.
Thanks a million, Drupal
Optus goes over the top with VoIP service
Turnbull asks how the NBN got that way
U.S. retailers insist on PIN requirement in smartcard rules
Yelp speeds database access with flash storage