Facebook buys WhatsApp message service for $16 bn

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The logo of mobile app “WhatsApp” is displayed on a tablet on January 2, 2014 in ParisThe logo of mobile app “WhatsApp” is displayed on a tablet on January 2, 2014 in Paris -AFP photo

Facebook said Wednesday it was buying the fast-growing messaging service WhatsApp for more than $16 billion in cash and stock, expanding the global footprint of the social networking giant.

“The acquisition supports Facebook and WhatsApp’s shared mission to bring more connectivity and utility to the world by delivering core Internet services efficiently and affordably,” said a Facebook statement.-AFP