UPDATE: Facebook to Buy Whatsapp for $4B in Cash, $12B in FB Shares
Facebook (NASDAQ: FB) today announced that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares. The agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp's founders and employees that will vest over four years subsequent to closing.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.