Facebook completes WhatsApp deal now worth $21.8B

SHARE Facebook completes WhatsApp deal now worth $21.8B

NEW YORK — Facebook has closed its acquisition of mobile messaging service WhatsApp in a deal that is now worth $21.8 billion, up from the original $19 billion deal struck, thanks in part to the social network giant’s rising stock price since February.

Menlo Park, California-based Facebook said Monday that it has named WhatsApp co-founder and CEO Jan Koum to its board of directors. WhatsApp is by far Facebook’s largest acquisition, and bigger than any that Google, Microsoft or Apple have ever done.

The deal’s value raised eyebrows when it was announced on Feb. 19, though analysts said it makes sense for Facebook to buy the popular messaging service.

WhatsApp has been growing rapidly, especially in Brazil, India, Mexico and Russia. It has more than 500 million users.

The Latest
Despite getting into foul trouble, which limited him to just six minutes in the second half, Shannon finished with 29 points, five rebounds and two assists.
Cowboy hats, bell-bottoms and boots were on full display Thursday night as fans lined up for the first of his three sold-out shows.
The incident occurred about 3:40 p.m. near Minooka. The horse was successfully placed back into the trailer, and the highway reopened about 40 minutes later. No injuries were reported.
The Hawks conceded the game’s only two goals within the first seven minutes and were shut out for the 12th time this season in a 2-0 defeat Thursday.