Digital Trends reported the two giants are in talks for last four or five weeks. The blog cited person having knowledge of the negotiations.
Sources say the WhatsApp has so far managed to push the acquisition price to almost $1 billion.
WhatsApp messaging application allows user to chat with others on their mobile across any platform including iOS, Android, Windows Phone and BlackBerry. The apps also facilitates sending and receiving of audio, video and images messages. More to all these, the cross-platform texting is absolutely free with it.
In January this the application announced of 7 billion inbound messages sent on New Year's Eve. On the same day 11 billion outbound messages were also sent. Earlier record is 10 billion messages in total.
Is WhatsApp worth $1 billion? Keep guessing. It is really now up for debate. Well, one thing to take note here is that Facebook acquired Instagram for $1 billion last year and few analysts believed it was too high for the social giant.
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