In one of the biggest technology deals ever, Facebook to buy WhatsApp for at least $16 billion

“WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable,” Facebook CEO Mark Zuckerberg said in a statement announcing the deal.

Zuckerberg has been trying to get into the mobile messaging market for a while. The company offered to buy Snapchat for $3 billion last year, but that messaging start-up spurned the offer.

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Update: From Jon Ostrower-–“Just for a bit of perspective on Facebook and WhatsApp. You can buy 50 777X aircraft for $19 billion, which Qatar Airways did in November.”

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