Thursday, 20 February 2014

Facebook Buys Whatsapp For $16B In Cash And Stock

Facebook is purchasing messaging giant WhatsApp for$16B in cash and stock, according to aregulatory filing. The deal is being cut for$12B in Facebook shares, $4B in cash and an additional $3B in RSUs for employee retention.

A termination fee is attached to the deal that would cost Facebook $1B in cash and $1B in shares if the deal fails to pass regulatory muster.

Facebook hasposted on its blog, detailing the reasoning behind the acquisition as well. The post notes that WhatsApp will continue to operate independently and retain its brand. In addition,. WhatsApp co-founder and CEO Jan Koum will join Facebook’s board.

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