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Google Suggests Facebook Overpaid for WhatsApp

Google Suggests Facebook Overpaid for WhatsApp

Posted by Liliana Castaño on March 06, 2014

According to a Wall Street Journal report that references sources familiar with Google (GOOG), before Facebook  (FBpaid $19 billion last month for text-messaging service WhatsApp, Google considered it.

At the Morgan Stanley (MS) Technology, Media & Telecom Conference in San Francisco, analyst Scott Devitt asked Google’s Chief Business Officer Nikesh Arora how Android, the world’s most popular mobile platform with nearly 80% of smartphone market in 2013, might generate revenue other than through ads and sharing revs from apps.

Arora asked Devitt for suggestions. The analyst mentioned mobile messaging apps which have been gaining attention lately for providing consumers with a new way to communicate and which are especially popular in Asia.

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