Facebook Connect Follow us on Twitter and win an iPad 3
Facebook bought Whatsapp in $19bill deal

The social network will pay $12 billion in Facebook stock and $4 billion in cash. The other $3billion will be received by app's founders and employees.

Whatsapp will remain a separate service, just like it was made with Instagram after an acquisition of $715.3 million.

'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,' the social network said in a statement.

The app has now more than 450 million monthly users. Mark Zuckerberg is confident that Whatsapp will reach a billion users, now that the purchase was made.

'WhatsApp will complement our existing chat and messaging services to provide new tools for our community' he said.

'The combination of WhatsApp and Facebook will allow us to connect many more people round the world,' Zuckerberg added.

'We want to develop more mobile experiences like Instagram and Messenger. WhatApp fits this vision perfectly; it has incredibly strong engagement and growth. It's the only app we've ever seen that has grown more quickly than Facebook itself.'