Linked by Thom Holwerda on Wed 19th Feb 2014 22:20 UTC
Internet & Networking

Facebook today announced that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares. The agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing.

A huge deal. WhatsApp is one of the biggest messaging services is in the world - maybe even the biggest.

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RE[2]: famous ?
by hussam on Thu 20th Feb 2014 09:14 UTC in reply to "RE: famous ?"
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In my country it's huge. It has almost replaced Y!M which had a 90%+ share. I guess it depends where you're from. What are people using where you live?

Same here. It's as big as facebook if not more famous where I live.

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