Facebook now officially owns WhatsApp

Eight months after announcing its intent to acquire messaging giant WhatsApp, the deal has finally gone through. Facebook announced the closing of the deal with the SEC in the United States, and with the European Commission in Europe. Since the deal was announced for $ 19 billion, its price tag has actually increased to a whopping $ 21.8 billion. This is in part due to Facebook’s rising stock price over the last several months, Recode points out.

Don’t expect WhatsApp to abandon its $ 1 / year business model

As WhatsApp officially joins the Facebook fold, WhatsApp founder Jan Koum has joined Facebook’s board. He will also be paid just $ 1 per year like Facebook CEO Mark Zuckerberg, according to filings, but has been given a very hefty…

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