FACEBOOK TO BUY WHATSAPP FOR $19 BILLION

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SAN FRANCISCO: Facebook is betting huge on mobile with an eye-popping cash-and-stock deal worth up to $19 billion for Internet Age smartphone messaging service WhatsApp. The surprise mega-deal announced on Wednesday (Thursday in Manila) bolsters the world’s biggest social network—which has more than 1.2 billion members—with the 450-million strong WhatsApp, which will be operated independently with its own board.

AFP

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