Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $16 billion in cash and stock, as the world’s largest social network looks for ways to boost its traffic, especially among a younger crowd.
Facebook said on Wednesday it will pay $4 billion in cash and about $12 billion in stock in its single largest acquisition. Facebook paild just $1 billion it paid for photo-sharing app Instagram.
Time to uninstall WHATSAPP !!!