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Facebook Acquires WhatsApp for $16 Billion

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Facebook Acquires WhatsApp for $16 Billion

Leading social media network Facebook Inc has announced their latest acquisition for fast-growing mobile messaging service WhatsApp.

WhatsApp is popular among the teenager’s around the world for exchanging message in the replacement for the old way of sending messages (SMS). Facebook purchase WhatsApp, at the rate of $16Billion while $4Billion was paid on cash and the others $12Billion was placed on Shares stock for the company.

According to CEO of Facebook Mark Zuckerberg, says that WhatsApp will run independently and will still stay at the headquarter in Mountain View while the Former CEO and founder of App Company Jan (Koum), will join the group of director at Facebook Inc.

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