Facebook WhatsAppIn nearly simultaneous announcements on their respective blogs, it has been confirmed that Facebook is acquiring WhatsApp in a combined cash and stock share deal equaling an incredible $16 billion.

WhatsApp is a popular mobile messaging service that has grown to over 450 million users since its creation five years ago. It is a reasonable acquisition from Facebook, which has been seeking to improve its standing in the mobile messaging industry.

The only surprising this about this deal, other than the rather high price tag, is the fact that WhatsApp won’t become an official part of Facebook.

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