Facebook Buys WhatsApp for $19 Billion

Episode 1059 (01:48)

WhatsApp

In one of the largest tech acquisitions of all time, Facebook bought WhatsApp for $16 Billion. $4 Billion in cash now, $3 Billion later and $12 Billion in Facebook stock. Leo says that's more than HP paid for Ross Perot's EDS and makes it one of the most valued tech companies in America...for an app! WhatsApp has 450 million international users, but it isn't really that popular in the US -- yet. It focuses on mobile phone numbers. So there's a reason why it was so attractive.

WhatsApp, a modern American success story (WashingtonPost)…
http://www.washingtonpost.com/opinions/ruth-marcus-a-modern-american-success-story/2014/02/20/da5b1726-9a5d-11e3-b88d-f36c07223d88_story.html