Facebook to acquire WhatsApp for $16B
Facebook to acquire WhatsApp in deal valued at $19BThe social network is throwing down billions of dollars of cash and stock to buy its biggest messaging rival. Facebook said Wednesday that it has agreed to acquire WhatsApp in a $19 billion arrangement with the popular messaging application’s parent company. The announcement was made in a filing with the Securities and Exchange Commission. The deal for WhatsApp includes 183,865,778 shares of Facebook stock, valued at $12 billion, along with $4 billion in cash. Facebook also promised to grant 45,966,444 restricted stock units to WhatsApp employees, taking on an additional $3 billion to the deal. This story is developing. Refresh for updates.

Embedly Powered

via Cnet
Mario Cipriano
Follow me

About Mario Cipriano

A veteran of the IT industry with over 25 years experience delivering, managing and implementing solutions for companies small and large. Mario is also actively involved in his local community of North Ridgeville.