Facebook to buy Whatsapp for $16 billion

Wed Feb 19, 2014 5:07pm EST

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Feb 19 (Reuters) - Social networking company Facebook Inc said it would buy mobile messaging company WhatsApp for about $16 billion in cash and stock.

Facebook said it would pay $4 billion in cash and about $12 billion in stock.

Facebook said WhatsApp co-founder and Chief Executive Jan Koum would join Facebook's board. (Reporting by Soham Chatterjee;; Editing by Savio D'Souza)

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