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Facebook's Zuckerberg: WhatsApp is worth much more than $24b

Published on Feb 25, 2014 6:07 AM
 
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. - PHOTO: REUTERS

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.

 
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