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Facebook announced the purchase of the mobile messaging service WhatsApp on Wednesday, in a $19bn deal that represents the social media company’s biggest acquisition yet.
Mark Zuckerberg, the founder of Facebook, described five-year-old WhatsApp as an “incredibly valuable” service that was well on its way to connecting 1 billion people around the world.
The deal is a big bet for Facebook, which has until recently struggled to convince investors of its strategy for mobile.
Source : http://www.theguardian.com/technology/2014/feb/19/facebook-buys-whatsapp-16bn-deal
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