Facebook's Zuckerberg: WhatsApp is worth much more than $24b
BARCELONA (AFP) - Billionaire Facebook founder Mark Zuckerberg on Monday defended his huge US$19 billion (S$24 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.
"I just think that by itself it is worth more than US$19 billion ," said Zuckerberg, wearing a grey t-shirt, sneakers and black trousers.