Google says it will buy Facebook for $2.4B

| Axios article Facebook Inc. has acquired the company’s messaging app WhatsApp for $1.9 billion.

The purchase comes as a result of the company making significant improvements to the user experience for messaging, including a new feature called ‘Message Quality.’

The move is expected to help Facebook attract and retain more users, according to a person familiar with the transaction who spoke to the Wall Street Journal on condition of anonymity.

WhatsApp will retain its leadership position in messaging for several years, according a person with knowledge of the deal.

Facebook CEO Mark Zuckerberg said he is “disappointed” by the deal and is looking to improve the app and make it better for users.

“It’s a great example of how technology can bring people together,” Zuckerberg said in a statement.

“The fact that WhatsApp will remain the go-to app for millions of people across the world will only help us reach more people and connect them with each other.”

The deal comes after WhatsApp was purchased by Facebook last year for $19 billion.

Zuckerberg said at the time that he believed the acquisition of WhatsApp would give him the ability to better focus his company’s efforts on mobile messaging.

Facebook is also investing $500 million in WhatsApp.

The news comes as Facebook is trying to increase its focus on mobile marketing and mobile ad revenue as it struggles to attract users to its messaging apps.

Facebook said in May that it plans to spend $2 billion on messaging apps this year, but that it’s not clear how much of the $2bn will go toward advertising.

WhatsApp currently is available in more than 200 countries.