Today Facebook announced an agreement to buy the highly-popular messaging app WhatsApp for a whopping $16 billion. The SEC filing today reveals that WhatsApp will continue to operate as an independent entity under Facebook (much as Instagram did after their acquisition by Facebook), though the company claims that the deal will accelerate "Facebook's ability to bring connectivity and utility to the world."
Facebook is the world's largest social network, and CEO Mark Zuckerberg said that "WhatsApp is on the a path to connect 1 billion people. The service that reach that milestone are all incredibly valuable."
Source: Facebook
Full story from the WPCentral blog...
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