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3 years ago
Facebook to take break from major deals after WhatsApp - CEO
February 24, 2014 / 6:05 PM / 3 years ago

Facebook to take break from major deals after WhatsApp - CEO

1 Min Read

BARCELONA, Feb 24 (Reuters) - Facebook founder Mark Zuckerberg said the social network would take a pause from major acquisitions after spending $16 billion to buy messaging service WhatsApp.

Zuckerberg was asked at Mobile World Congress in Barcelona by an audience member whether Facebook would make a bid for Snapchat, another free messaging service popular among teens.

"No," he shot back, before adding: "Once you aquire a company for $16 billion, you are probably done for a while."

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