Facebook is buying mobile messaging service WhatsApp for $19 billion in
cash and stock, bigger than any acquisition that Google, Microsoft or
Apple have ever done.
The world’s biggest social networking company said Wednesday it is paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp. The app’s founders and employees also will get restricted stock worth $3 billion that will vest over four years after the deal closes.
The deal translates to roughly 9 percent of Facebook’s market value. In comparison, Google’s biggest deal, Motorola Mobility, stood at $12.5 billion, while Microsoft’s largest was Skype at $8.5 billion.
Jan Koum, founder of the WhatsApp messaging service, has confirmed the sale of his company to facebook owner Mark Zuckerberg, despite rejecting so many offers last year.
The world’s biggest social networking company said Wednesday it is paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp. The app’s founders and employees also will get restricted stock worth $3 billion that will vest over four years after the deal closes.
The deal translates to roughly 9 percent of Facebook’s market value. In comparison, Google’s biggest deal, Motorola Mobility, stood at $12.5 billion, while Microsoft’s largest was Skype at $8.5 billion.
Jan Koum, founder of the WhatsApp messaging service, has confirmed the sale of his company to facebook owner Mark Zuckerberg, despite rejecting so many offers last year.
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