Facebook to buy WhatsApp for $16 billion

  • Thread starter Thread starter Brad Reed
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Brad Reed

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82df44682b3368f2101bcebf7b48dbd2.jpgWhen WhatsApp launched in 2009, no one predicted that it would grow to be a multibillion-dollar company. However, Facebook on Wednesday said that it planned to buy the hugely popular social messaging app for a stunning $16 billion. In its official announcement, Facebook says that it will pay $4 billion in cash for WhatsApp plus $12 billion worth of Facebook shares. Facebook also says that "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."

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Via BRG - Boy Genius Report
 
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