Facebook to buy messaging startup in $16 billion deal

Facebook being the largest social network worldwide decided to buy startup WhatsApp Inc. The company offers a mobile messaging service that could give Facebook more added values to its users. Facebook agreed to purchase the startup for $19 billion in stock and cash! It is the biggest acquisition of Facebook by far.

According to Facebook the $19 billion includes restricted shares of $3 billion, a stock worth $12 billion and $4 billion in cash. It is surely a battle of social media networks. They need to keep their features updated because Facebook is constantly acquiring more startup business to give its social media platform updated and innovative features to keep its ranking as the number-one social network in the Internet.

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