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Facebook has acquired the hugely popular WhatsApp cross-platform messaging application for a cool $16 billion. This includes $12 billion worth of Facebook shares and $4 billion in cash.
Jan Koum, WhatsApp co-founder and CEO, will join Facebook’s Board of Directors.
At the moment, WhatsApp has more than 450 million monthly users combined across Android, iOS, Windows Phone, BlackBerry and even select Asha and Symbian devices.