Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday February 19, 2014

Facebook Is Buying WhatsApp for $16B

Who decided this was worth $16 billion? Oh wait, I guess Facebook just did.

Facebook 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.