Skip to content
Subscriber Only

Facebook to Buy Mobile-Message App WhatsApp for $19 Billion

Facebook Inc., the world’s largest social network, agreed to purchase mobile-messaging startup WhatsApp Inc. for as much as $19 billion in cash and stock, the biggest Internet acquisition in more than a decade.

The accord includes $12 billion in stock, $4 billion in cash and $3 billion in restricted shares, Facebook said in a statement yesterday. It’s the largest Internet deal since Time Warner’s $124 billion merger with AOL in 2001, according to data compiled by Bloomberg. WhatsApp has more than 450 million members, with 1 million users being added daily.