Latest in Acquisition

Image credit:

Facebook to buy WhatsApp for $19 billion

126 Shares
Share
Tweet
Share
Save

Sponsored Links

The balance of power in the mobile messaging space is about to shift in a big way -- Facebook has just announced plans to acquire WhatsApp for the equivalent of $19 billion in cash and stock. The deal will see WhatsApp run semi-independently, much like Instagram. The chat service will maintain its brand and existing offices, but it will take advantage of Facebook's "expertise, resources and scale." It's safe to say that the combined entity will have a lot of clout should the deal close later this year. WhatsApp already has over 450 million active users every month; combine that with Facebook Messenger and competitors like Line suddenly appear tiny by comparison.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
126 Shares
Share
Tweet
Share
Save

Popular on Engadget

The best mobile devices for students

The best mobile devices for students

View
'Fortnite' finally nerfs the hated B.R.U.T.E. mechs

'Fortnite' finally nerfs the hated B.R.U.T.E. mechs

View
Porsche streamlines the Taycan EV’s infotainment system

Porsche streamlines the Taycan EV’s infotainment system

View
Lenovo’s Smart Clock becomes a more capable home hub

Lenovo’s Smart Clock becomes a more capable home hub

View
Wirecutter's best deals: Save $60 on an Acer Chromebook 11

Wirecutter's best deals: Save $60 on an Acer Chromebook 11

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr