Facebook has acquired Whatsapp, the most popular messaging app for smartphones for $19billion. Facebook scooping up all potential rivals in messaging app, such as buying the photo-sharing app; instagram for $1billion in 2012. Facebook said it will pay WhatsApp $4 billion in cash and $12 billion in stock. WhatsApp's founders and staff will be eligible for for another $3 billion in stock grants to be paid out if they remain employed by Facebook for four years. Whatsapp CEO Jan Koum will also join Facebook's board of directors.
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