File - Feb. 8, 2012, shows a view inside Facebook headquarters in Menlo Park, Calif. (AP Photo/Paul Sakuma)
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Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as the world's largest social network looks for ways to boost its popularity, especially among a younger crowd.As part of the deal, WhatsApp co-founder and Chief Executive Officer Jan Koum will join Facebook's board, and the social network will grant an additional $3 billion worth of restricted stock units to WhatsApp's founders, including Koum.That is on top of the $16 billion in cash and stock that Facebook will pay. Facebook said on Wednesday it will pay $4 billion in cash and about $12 billion in stock in its single largest acquisition, dwarfing the $1 billion it paid for photo-sharing app Instagram.Facebook was advised by Allen & Co, while WhatsApp has enlisted Morgan Stanley for the deal.
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