Facebook announced on Wednesday afternoon that it had reached an agreement to buy popular mobile messaging company WhatsApp for a total of $16 billion, include $4 billion in cash and about $12 billion in Facebook shares.
WhatsApp has over 450 million monthly users and is adding more than 1 million new registered users per day.
Learn more:
- http://www.scoop.it/t/social-media-and-its-influence/?tag=acquisitions