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Facebook to buy messaging app WhatsApp for $19bn

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Facebook to buy messaging app WhatsApp for $19bn

PostAuthor: Anthea » Wed Feb 19, 2014 10:52 pm

BBC Business News

Facebook to buy messaging app WhatsApp for $19bn

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Facebook has said it will buy messaging app WhatsApp for $19bn - the social networking giant's biggest purchase to date.

WhatsApp is popular with young people looking to avoid text messaging charges and has been cited as a rival to BlackBerry Messenger.

WhatsApp has over 450 million users.

In a statement, Facebook founder Mark Zuckerberg described WhatsApp's services as "incredibly valuable".

http://www.bbc.co.uk/news/business-2626 ... EET1049370
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Facebook to buy messaging app WhatsApp for $19bn

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