Thursday, February 20, 2014

WhatsApp Soon Will Be Under Facebook

Facebook announced yesterday that it will buy fast-growing mobile-messaging company WhatsApp for US$16 billion, which US$4 billion will be in cash and remaining US$12 billion in stock.

As part of the deal, WhatsApp co-founder and Chief Executive Jan Koum will join Facebook's board, and the social network will grant an additional $3 billion worth of restricted stock units to WhatsApp's founders, including Koum.             

In the acquisition, Facebook promised to keep the WhatsApp brand and service.

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