Amazing buy, is a facebook step forward !!
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Facebook buys WhatsApp in $19 billion deal
Thursday, February 20, 2014 – 08:25 IST | Agency: PTI
Social media giant Facebook buys mobile messaging company WhatsApp for 19 billion dollars in a cash and stock deal, the largest acquisition by the Mark Zuckerberg-led firm so far that will give it a stronghold in the market for messaging.
The whopping acquisition price includes USD 4 billion in cash, about USD 12 billion worth of Facebook shares and USD 3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years following the closing of the deal.
Under the agreement, WhatsApp co-founder and CEO Jan Koum will join Facebook Board of Directors. Facebook said the acquisition will not impact the WhatsApp’s brand, which will be maintained and the company’s headquarters will remain in California’s Mountain View.
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