Facebook is betting huge on mobile with an eye-popping cash-and-stock deal worth up to $19 billion for Internet Age smartphone messaging service WhatsApp.
The surprise, mega-deal announced on Wednesday bolsters the world’s biggest social network — which has more than 1.2 billion members — with the 450-million-strong WhatsApp, which will be operated independently with its own board.
It fits with Facebook founder Mark Zuckerberg’s focus on being at the center of lifestyles in which billions of people around the world share whatever they wish over the internet using smartphones or tablets.
It is Facebook’s biggest acquisition and comes less than two years after the California-based internet star raised $16 billion in the richest tech sector public stock offering. Read More News>>