WhatsApp? Zuckerberg Insists App Actually Worth More than $19 Billion

The popular texting app experiencing major meltdown shortly after acquisition

WhatsApp's worth is more than $19 billion, Facebook CEO Mark Zuckerberg says (Times of India)

BARCELONA: Billionaire Facebook founder Mark Zuckerberg defended his huge $19 billion takeover of free mobile messaging service WhatsApp, saying it is actually worth much more.

The 29-year-old Facebook chief announced the stock and cash purchase on Wednesday, a deal that marries his social network of 1.2 billion active users with Whatsapp's 450 million users.

Asked about the price tag during an on-stage discussion at the February 24-27 Mobile World Congress in Barcelona, Spain, Zuckerberg said WhatsApp was attractive as a company by itself, and as a strategic fit with Facebook.

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