According to Wall Street Journal, Facebook (FB) has approached ABC News, Dow Jones, Washington Post and Bloomberg as it plans to launch a news section later this year.

WSJ says that Facebook would be willing to pay as much as 3 million dollars a year to licence entire stories, headlines and previews of articles.

Facebook, which launched the digital currency Libra in June, has faced an outcry of the privacy issues. The company shares rose 2,17 % to 190,16 dollars in New York today.

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