WhatsApp vs. Asian Rivals: The Mobile-Messaging War Goes Global
As more people choose to send messages through free apps instead of paying to use their smartphones’ standard texting services, valuations of companies that make the apps are soaring. Facebook’s $19 billion acquisition of WhatsApp came just five days after Rakuten, the largest e-commerce company in Japan, snapped up messaging service Viber for $900 million. SoftBank is seeking to buy a stake in Japan’s top mobile messenger, Line. Even BlackBerry could cash in. With 85 million users, its BBM messaging service suddenly looks ripe for a spinoff.
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