Facebook to acquire WhatsApp

Facebook to acquire WhatsApp

To make the world more “open and connected”

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Image: Weareli Bertarians

CEO Mark Zuckerberg reveals that his social networking concept Facebook is set to buy WhatsApp for $19 billion

According to Facebook CEO Mark Zuckerberg, he is "excited" about the company's plans to buy popular social networking tool WhatsApp. In a statement, Zuckerberg revealed: "Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day."

Zuckerberg, who already purchased Instagram for an estimated $700 million in 2012, has been adding various apps to his social networking empire. The company is spending $19 billion on the popular app WhatsApp, which would be the company's biggest purchase to date.

Zuckerberg further added: "WhatsApp will complement our existing chat and messaging services to provide new tools for our community. Facebook Messenger is widely used for chatting with your Facebook friends, and WhatsApp for communicating with all of your contacts and small groups of people. Since WhatsApp and Messenger serve such different and important uses, we will continue investing in both and making them each great products for everyone."