January 15, 2019

Facebook buying messaging app WhatsApp for $19B

Facebook buying messaging app WhatsApp for $19B Reviewed by on . Array Array Rating: 3.5

What is a milestone? What does to pursue a goal mean?
Read this advanced article from USA TODAY and improve your Business English: schedule your GROUP LESSON here!


In one of the biggest technology deals of the past decade, Facebook agreed to buy WhatsApp for $16 billion to expand in the fast-growing mobile messaging market and pursue its goal of connecting as much of the world’s population as possible over the Internet.

Facebook said it will pay $4 billion in cash and $12 billion in stock for WhatsApp, a service that has 450 million monthly users and is adding more than 1 million new users a day.

“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.


Article by Alistair Barr
Click here to read the full article.


What does it mean? Click and find out!

deal (n) an agreement, especially in business, on particular conditions for buying or doing something
fast-growing (adj) tending to spread quickly
to pursue (v) to do something or try to achieve something over a period of time
stock (n) the value of the shares in a company that have been sold
milestone (n) a very important stage or event in the development of something


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