Wednesday, February 19, 2014

Facebook buying WhatsApp for $16bn



Facebook has announced that it is going to buy the mobile instant messaging service WhatsApp for $16bn (£9.6bn) in cash and stock.

The app, which has 450 million users, is another way to send instant messages at no cost, but Facebook already has its own means of doing that.

Mike Butcher, from techcrunch.com, explained why be believed Facebook was making the purchase.

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