Facebook to buy WhatsApp for $19 billion

The social media giant Facebook has announced its plans to acquire mobile messaging service WhatsApp.Facebook paid bomb to WhatsApp and according to the announcement Facebook has agreed to pay $19 billion(more than 11000 crores) in cash and stock Facebook said it is keeping WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.

3 million in two years ago.As part of the deal, WhatsApp co-founder and Chief Executive Officer Jan Koum will join Facebooks board, and the social network will grant an additional $3 billion worth of restricted stock units to WhatsApps founders, including Koum.Facebook said it would keep WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.3 million WhatsApp is adding about a million users per day, Facebook co-founder and Chief Executive Officer Mark Zuckerberg said on his page on Wednesday.‘’WhatsApp had every option in the world page,so I’m thrilled that they chose to work with us.I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting.I’ve also known Jan for a long time, and I know that we both share the vision of making the world more open and connected.

I’m particularly happy that Jan has agreed to join the Facebook board and partner with me to shape Facebook’s future as well as WhatsApp’s’’ Zuckerberg continued in a post to his Facebook WhatsApp has more than 450 million monthly active users.In comparison, Twitter had 241 million users at the end of 2013.