Why Apple bought WhatsApp for $19 billion
Apple has reportedly bought WhatsApp, the popular messaging app that uses encrypted messaging apps to let users send encrypted messages and share them without sharing their real identities.
According to the Wall Street Journal, Apple has acquired WhatsApp for approximately $19.4 billion.
The deal is valued at $19 per share.
The company has previously reported that the purchase price is for a single share of WhatsApp.
The acquisition will allow the company to expand its use of WhatsApp and is expected to result in more than 3 billion WhatsApp messages sent in the coming months.
This article was updated to include more information from Apple.