Wednesday, August 06, 2025 | 07:39 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Facebook to buy WhatsApp for Dollar19 billion

Current Time 0:00
/
Duration Time 0:00
Progress: NaN%

Facebook to buy WhatsApp for Dollar19 billion

California, Feb 20 (ANI): In a landmark deal that places the world's largest social network closer to the heart of mobile communications, Facebook will buy fast-growing mobile-messaging startup WhatsApp for Dollar19 billion in cash and stock. The transaction involves Dollar4 billion in cash, Dollar12 billion in stock and Dollar3 billion in restricted stock that vests over several years. The WhatsApp deal is worth more than Facebook raised in its own IPO and underscores the social network's determination to win the market for messaging. Founded by a Ukrainian immigrant Jan Koum, and a Stanford alumnus, Brian Acton, WhatsApp is a Silicon Valley startup fairy tale, rocketing to 450 million users in five years and adding another million daily.

Other Videos

Explore News Home