Facebook buys WhatsApp for $19 bn

Facebook has acquired mobile-messaging startup WhatsApp for $19 billion. The deal is subject to shareholders and regulatory approval.

Facebook is spending around $16 billion in cash and stock, as well as $3 billion in restricted stock for employees to acquire WhatsApp.

WhatsApp started five years ago with a simple mission of building a cool product used globally by everybody. With the acquisition by Facebook, WhatsApp will have the flexibility to grow and expand, while giving the founders more time to focus on building a communications service that’s as fast, affordable and personal as possible.

As per the acquisition, WhatsApp will remain autonomous and operate independently. Subscribers will continue to enjoy the service for a nominal fee and can continue to use WhatsApp no matter where in the world you are, or what smartphone you’re using. And you can still count on absolutely no ads interrupting your communication.

In just under five years, WhatsApp built a communication service that now supports over 450 million monthly active users worldwide and over 320 million daily active users. The company has helped re-define and revolutionize communication for the 21st century.

The company has also launched Voice Messages on all of our platforms simultaneously and it works fine with iPhone, Android, BlackBerry, Nokia and Windows Phone devices, giving users a rich and powerful voice messaging experience.

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