User:Dkmarshall/Wikinews shorts: February 19, 2014

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WhatsApp logo
Image: Milkyo0.

Facebook announced Wednesday evening a purposed plan to purchase WhatsApp for US$16 billion. Facebook plan is to pay US$12 billion in stocks and US$4 billion in cash. All parties are still waiting regulatory approval. The deal could potentially be worth $19 billion with US$3 billion more being offered to employees. Employees who remained at Facebook for four years would be offered restricted stock.

WhatsApp has over 450 million world-wide active users, with about 70 percent of those users being active daily. WhatsApp adds about one million new users per day. WhatsApp is a messaging service where users can send text, picture and video messages using their data plans, instead of their messaging plan. WhatsApp is free to download. Its services are free for the first 12 months and costs US 99 cents annually after the first year. Facebook founder Mark Zuckerberg said the app will not change for users.

Sources

• Julianne Pepitone. "Facebook to Buy WhatsApp for a Whopping $16 Billion" — NBC News, February 19, 2014
• Allstair Barr. "Facebook agrees to buy WhatsApp for $16 billion" — USA Today, February 19, 2014

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