Market Overview

UPDATE: Facebook to Buy Whatsapp for $4B in Cash, $12B in FB Shares

Share:
Related FB
Chowdhry: 'Challenges' Remain At LinkedIn
Mid-Day Market Update: Friday's Top 10 Volume Stocks
Google Gearing Up To Take On Facebook's Suggested Videos (Seeking Alpha)

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.   

Posted-In: News M&A

 

Related Articles (FB)

Get Benzinga's Newsletters