| Title | Facebook to Buy WhatsApp for 16 Billion | |
| Date | Thursday February 20 2014, @05:00AM | |
| Author | Dopefish | |
| Topic | ||
| from the when-will-this-darn-bubble-pop-already? dept. | ||
lubricus writes "Facebook announced plans to acquire WhatsApp for four billion cash, plus 12 billion in Facebook shares.
Additionally, WhatsApp employees and founders will receive three billion in restricted stock which will vest in four years. Facebook also agreed to a one billion dollar break up fee.
WhatsApp says they have message volume which approaches the global SMS volume, and hope to have one billion users. Even at those figures, Facebook is paying $16 per user.
I'm guessing WhatsApp will send Snapchat developers a cake."
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printed from Dev.SN, Facebook to Buy WhatsApp for 16 Billion on 2024-05-18 07:09:11