Facebook To Purchase Whatsapp For $16 Billion



In a deal that has shocked Wall Street, Facebook announced on Wednesday afternoon that it will purchase Whatsapp for a total of $16 billion in cash and stock. Facebook shares took a plunge before recovering slightly in after-hours trading. Facebook shareholders appeared to be unhappy with the move. Whatsapp has a total user base of 450 million, with this deal, Facebook has payed around $42 per user.

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