massively popular messaging client in a $16 billion cash and stock
arrangement with the popular messaging application's parent company.
This is facebook's biggest acquisition to date.
The deal for WhatsApp includes 183,865,778 shares of Facebook stock,
valued at $12 billion, along with $4 billion in cash. Once the
acquisition closes, Facebook has promised to
grant 45,966,444 restricted stock units (RSUs) to WhatsApp founders
and employees, tacking on an additional $3 billion in value to the
deal. The additional RSUs will vest over four years following closing.
In a statement, Facebook CEO, Mark Zuckerberg described WhatsApp's
services as "incredibly valuable". He also said in a post published to
Facebook. "Our mission is to make the world
more open and connected. We do this by building services that help
people share any type of content with any group of people they want.
WhatsApp will help us do this by continuing to develop a service that
people around the world love to use every day."
"You can continue to use WhatsApp no matter where in the world you
are, or what smartphone you're using," koum said. "And you can still
count on absolutely no ads interrupting your communication. There
would have been no partnership between our two companies if we had to
compromise on the core principles that will always define our company,
our vision and our product."
Congrats to them both..Mark is really not slowing down :)
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