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Facebook To Buy WhatsApp Messaging Service for $16 Billion

Facebook looks to sink its teeth into WhatsApp, the popular messaging service with over 450 million active users. This was confirmed after a form was filed with the SEC today. The acquisition is partly due to the shared vision of both companies to connect the world with more core internet services. The deal will help Facebook collect important data from WhatsApp’s millions of users and also help the social giant emerge into developing markets. More to come as this story develops…

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