Facebook Acquires WhatsApp For $22 Billion

Facebook acquired Whatsapp - the most popular mobile messaging app on Monday for a price tag of $19 billion. However, an additional increase of $3 billion dollars to the proposed deal was made and the deal was finally closed for a whopping $22 Billion.

WhatsApp founder Jan Koum will receive nearly $2 billion in stock, over a time period of 4 years according to a regulatory filing on Monday.

WhatsApp has more than 600 million users and is one the most popular messaging apps among the youth. Keeping this in mind Facebook won’t make any major changes to the user interface and functions as they are already doing so well on their own.

Users will be pleased to know that WhatsApp founders aren't planning to bring advertisers to this platform yet.

Stay tuned for new updates on this article.