Facebook is buying the Vast WhatsApp for $19 Billion in Cash

 Facebook is buying the Vast WhatsApp for $19 Billion in Cash
An announcement is made by Facebook on Wednesday Afternoon that they are about to reach an agreement to buy the vast mobile messaging company WhatsApp for an open amount of $16 Billion, $4 Billion are as cash and the remaining $12 billion as the Facebook shares.

The Co-Founder of WhatsApp and the CEO Jan Koum will join the Facebook board of directors, whereas the WhatsApp will continue to work independently under Facebook as the Instagram is working. The purchase price increases to $19 billion whereas the $3 billion will be limited as the reserve stocks as an additional factor and will be handed over to the WhatsApp`s founders and employees devolving over the coming four years.
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