Facebook to buy WhatsApp for up to $19B in cash and stock

Feb 19, 2014 | G-BLOG | 0 comments


NEW YORK — Facebook is buying mobile messaging service WhatsApp for up to $19 billion in cash and stock, by far the company’s largest acquisition.
The world’s biggest social networking company said Wednesday that it is paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp. In addition, the app’s founders and employees will be granted $3 billion in restricted stock that will vest over four years after the deal closes.
Facebook says it is keeping WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.3 million.

Stay connected to G98.7FM all day every day with our G987 app available in Android and iPhone applications for your listening pleasure!

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *