Facebook buys WhatsApp for $19 billion

Updated: February 20, 2014 18:02 IST

In a landmark deal that places the world's largest social network closer to the heart of mobile communications, Facebook has bought the fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock. The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years.

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