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Wednesday, February 19, 2014

If you can't beat them, buy them: Facebook acquires WhatsApp for $16 billion

If you can't beat them, buy them: Facebook acquires WhatsApp for $16 billion: WhatsApp, the hugely popular cross-platform messaging application, will belong to Facebook starting later this year. Mark Zuckerberg’s company today announced that it agreed to buy WhatsApp for a staggering $16 billion, including $12 billion worth of Facebook shares and $4 billion in cash.



According to Facebook, the acquisition will boost its “ability to bring connectivity and utility to the world.”



A few months ago, we told you that WhatsApp became more popular than Facebook’s messaging app. You know how the saying goes: if you can’t beat them, join them - or, in Facebook’s case, ...

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