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Facebook set to buy Whatsapp for a whopping $ 19 billion

Feb 20, 2014 10:11 AM IST India India
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Social networking website Facebook is all set to buy popular mobile messaging service Whatsapp for a whopping $ 19 billion in cash and stocks. Whatsapp Co-founder and CEO Jan Koum will now join the Board of Directors of Facebook. Whatsapp will, however, continue to work independent of Facebook's existing messaging app according to the agreement. The mobile start-up has over 450 million monthly users and is adding more than 1 million new registered users per day.

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