Market Overview

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

Related FB
What Will Facebook Do After Its Most-Talked About Event Ends?
5 Companies That Should Invest In Normal's Custom-Fit Earphones
7 Strategic Tips for Employers to Recruit on Social Media (Fox Business)

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

 

Most Popular

Related Articles (FB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free