(JTA) — Facebook completed its purchase of the the mobile messaging service WhatsApp for nearly $22 billion in cash and stock.
The transaction was completed on Monday, Facebook paid about $ 2 billion more than when the deal was announced in February due to a rise in the price of Facebook shares.
Facebook named WhatsApp co-founder and CEO Jan Koum to its board Monday. Koum, 38, grew up a Jewish and “a rebellious little kid” in a poor village outside of Kiev, Wired reported in February. Koum and his mother immigrated to the United States when he was 16 to escape …read more
Source: JTA
