Facebook to buy WhatsApp for $19 billion


Facebook is placing a $19 billion bet on reaching its next billion mobile users with the acquisition of WhatsApp, a popular messaging service that lets people send texts, photos and videos on their smartphones. 
Facebook said Wednesday that it's paying $12 billion in stock and $4 billion in cash for WhatsApp.

Facebook CEO Mark Zuckerberg is confident the app will reach a billion users. Services that reach that milestone, Zuckerberg said in a statement, " Are All Incredibly Valuable." 

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