Facebook buys WhatsApp
20th February 2014
On 20th February 2014, Facebook bought mobile messaging service WhatsApp in a deal worth $19bn. The purchase was the social networking company's largest acquisition to date. WhatsApp was popular with people looking to avoid text messaging charges. At the time, WhatsApp had more than 400m users around the world and claimed to be adding more than 1 million new registered users a day.
Mark Zuckerberg, the founder of Facebook, described five-year-old WhatsApp as an "incredibly valuable" service that was well on its way to connecting 1 billion people around the world.
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