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8:44 AM
World's largest Social networking site Facebook announced that it is buying the most popular messaging service WhatsApp in $19 billion dollars in a cash and stock deal.
The mega acquisition price involves $4 billion in cash, $12 billion worth of Facebook shares and $3 billion in restricted stock units to be granted to WhatsApp's founders and employees over four years.
As part of this mega deal Jan Koum,CEO and Co Founder of WhatsApp will join the Facebook as its Board member.
WhatsApp is most popular Messaging App and almost 45 crore users use this App and over 10 lakh new users join WhatsApp everyday.
The mega acquisition price involves $4 billion in cash, $12 billion worth of Facebook shares and $3 billion in restricted stock units to be granted to WhatsApp's founders and employees over four years.
As part of this mega deal Jan Koum,CEO and Co Founder of WhatsApp will join the Facebook as its Board member.
WhatsApp is most popular Messaging App and almost 45 crore users use this App and over 10 lakh new users join WhatsApp everyday.
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