Facebook's purchase of WhatsApp a done deal at $22 billion

Facebook said Monday it had closed its acquisition of messaging app WhatsApp, giving the social network a massively popular service for mobile messaging. The deal, when first announced earlier this year, was to cost Facebook $16 billion plus up to $3 billion in additional Facebook stock options to WhatsApp's founders. Now as of close the deal is worth around $21.8 billion total, based on the higher value of Facebook's stock. Closure of the deal was announced in a filing with the U.S. Securities and Exchange Commission. To read this article in full or to leave a comment, please click here