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Facebook Buys WhatsApp For $19 Billion


Facebook brought out the checkbook to acquire WhatsApp for $19 billion today (Feb. 20), adding the popular messaging program to their roster, which includes Instagram.

The five-years-and-running service allows you to send text messages “over mobile broadband,” CNN-reports. However, users are allowed to bypass the rates of standard text messaging fees.

The company, ran by CEO Jan Koum, received $4 billion in money and $12 billion in stocks.


Read the full report here:

http://money.cnn.com/2014/02/19/technology/social/facebook-whatsapp/

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