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Facebook+completes+US%2419b+purchase+of+WhatsApp
Tuesday, 07 October 2014 - 9:13
Facebook completes US$19b purchase of WhatsApp
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Facebook completed its purchase of mobile messaging application WhatsApp yesterday, with the mostly stock deal tallying nearly 22 billion US dollars.

The acquisition was given the colossal price tag of 19 billion US dollars when the deal was struck in February, but a rise in Facebook shares has pushed the value even higher.

Terms of the deal include WhatsApp co-founder Jan Koum remaining head of the company and taking a seat on the Facebook board of directors.

 
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