Facebook buys WhatsApp for 19billion USD

SmartphonesFacebook on Thursday gave a thumbs up to buy mobile messaging service WhatsApp for a wooping price of 19billion USD, making it the companies largest acquisition. According to the terms of conditions of the deal, all the 55 WhatsApp employees including its Founder and CEO will be given restricted stocks worth 3billion USD. It is being said that Facebook has bought the InstantMessagingService(IMS) for getting a foothold in the mobile messaging market.

Below is a screenshot of Facebook’s CEO – Mark Zukerberg’s Facebook status –

Mark Zukerberg

 

Howdy! I’m Apurva Nagar a Blogger, Technology Geek, and Coding Enthusiast. I simply love anything related to computer science. I am the Founder and Admin. of Electric Web – An online tech. magazine for geeks.

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