Facebook buys WhatsApp, boosts Info Edge India shares to record high

Feb 24 2014, 16:59 IST
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Facebook-WhatsApp deal is seen raising valuations of Info Edge which has several cos, including Naukri.com under its banner. Facebook-WhatsApp deal is seen raising valuations of Info Edge which has several cos, including Naukri.com under its banner.
SummaryFacebook Inc's $19 billion deal for mobile-messaging startup WhatsApp has repercussions for Info Edge India.

Info Edge India Ltd shares rose as much as 10.9 per cent to an all-time high of Rs 708.05 after Facebook Inc's $19 billion offer for mobile-messaging startup WhatsApp was seen raising valuations for internet-based companies.

Info Edge is heading towards its seventh consecutive session of gain, for a total of nearly 30 per cent.

Info Edge is primarily in the business of Internet-based service delivery and operates in four verticals: recruitment, matrimonial, real estate and education services.

The websites under Info Edge India's umbrella include Naukri.com and Jeevansathi.com.

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