Facebook To Buy WhatsApp In A $19 Billion Deal
“WhatsApp is on a path to connect one billion people. The services that reach that milestone are all incredibly valuable,” said Zuckerberg, Facebook founder and chief executive.
“I’ve known (WhatsApp founder) Jan (Koum) for a long time and I’m excited to partner with him and his team to make the world more open and connected.”
WhatsApp is a cross-platform mobile app which allows users to exchange messages without having to pay telecom charges.
“Almost five years ago we started WhatsApp with a simple mission: building a cool product used globally by everybody.
Nothing else mattered to us,” Koum said in a blog post.
“Today we are announcing a partnership with Facebook that will allow us to continue on that simple mission.
“Doing this will give WhatsApp the flexibility to grow and expand, while giving me, (co-founder) Brian (Acton), and the rest of our team more time to focus on building a communications service that’s as fast, affordable and personal as possible.”
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