Daily Trends Editor

Facebook has announced to plans acquire WhatsApp for the equivalent of $19 billion in cash and stock. According to the source, Facebook has agreed to pay $12 billion in stock and $4 billion in cash for this acquisition. Additional $3 billion in restricted stock units to WhatsApp’s founders and employees as part of the deal agreed by Facebook, which bring this deal price to $19 billion

WhatsApp already has over 450+ million active users every month and this is the so far Facebook largest acquisition in early 2013-2014.

WhatsApp, founded in 2009 by former Yahoo engineers Jan Koum and Brian Acton and day by day is the most popular of a set of mobile messaging apps. The app served as an alternative option to SMS by letting users send messages for free across smartphone platforms. It currently has more than 450+ million people who use the app every day.