February 19, 2014 / 10:11 PM / in 4 years

Facebook to buy Whatsapp for $16 billion

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below