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WhatsApp and Facebook: What You Need to Know

Everything you need to know about the largest-ever purchase of a Silicon Valley company.

Facebook’s jaw-dropping $19 billion acquisition of mobile messaging outfit WhatsApp is the largest-ever purchase of a Silicon Valley company, and one that illustrates the high stakes for Facebook and its rivals in the battle to dominate the mobile Internet. Here’s everything you need to know about the deal.

This article originally appeared on Recode.net.