Facebook to purchase WhatsApp in $19 billion deal

Facebook has agreed to buy global messaging service WhatsApp in a deal worth as much as $19 billion in cash, stock and restricted shares. WhatsApp, which says it will continue to operate independently, processes 50 billion messages each day and counts 450 million active users, with 70% of those logging in at least once a day. Facebook is "buying 450 million loyal users and an extraordinary growth story, but at a staggering cost," wrote Bloomberg Industries analyst Paul Sweeney.

View Full Article in:

Bloomberg · Wall Street Journal (tiered subscription model), The

Published in Briefs:

SmartBrief Job Listings for Media

Job Title Company Location
Director of Account Management
New York, NY
Digital Ad Operations Trafficker
A+E Networks
New York, NY
Mobile App Acquisition Manager
Publishers Clearing House
New York City & Port Washington, NY
Senior Product Manager - Mobile
Publishers Clearing House
New York, NY
Interactive Sales Account Executive
Comcast Spotlight
Houston, TX