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Lifestyle February, 19 2014

Facebook to Acquire WhatsApp for $16 Billion USD

Facebook today announced that it has reached an agreement to acquire WhatsApp, a growing cross-platform mobile messaging company, for a total of approximately $16 billion USD, 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.

“The acquisition supports Facebook and WhatsApp’s shared mission to bring more connectivity and utility to the world by delivering core internet services efficiently and affordably,” reads the press release. “The combination will help accelerate growth and user engagement across both companies.” For more information head on over to Facebook.

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