Facebook Buying Whatsapp for $16 Billion

Posted by at 2:22 pm on February 19, 2014

WhatsApp LogoFacebook  said it would buy mobile messaging company WhatsApp for about $16 billion in cash and stock.

Facebook will pay $4 billion in cash and about $12 billion in stock.

Facebook said WhatsApp co-founder and Chief Executive Jan Koum will join Facebook’s board.

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