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Facebook to buy WhatsApp for $19 billion
By: Tupaki Desk | 20 Feb 2014 7:29 AM GMT
WhatsApp and Facebook are known to be close buddies for many people and now they both are coming under same roof.
Facebook is planning to buy WhatsApp for $19 billion in cash and stock.The deal including $4 billion in cash and about $12 billion worth of Facebook shares.The agreement also provides for an additional $3 billion in restricted stock, to be granted to WhatsApp's founders and employees, that will vest over four years once the deal closes.
Facebook shells huge amount for the deal and it is said to be bigger deal(11600 crores In INR) in recent times and highest than any that Google, Microsoft or Apple have ever done
Koum founded WhatsApp with Brian Acton almost four years ago. Both are former Yahoo engineers.
After the deal closes, Koum is going to join Facebook as an executive and become a member of Facebook's board of directors.
As of December 2013, WhatsApp only employed 50 people, most of whom are engineers.
Facebook is planning to buy WhatsApp for $19 billion in cash and stock.The deal including $4 billion in cash and about $12 billion worth of Facebook shares.The agreement also provides for an additional $3 billion in restricted stock, to be granted to WhatsApp's founders and employees, that will vest over four years once the deal closes.
Facebook shells huge amount for the deal and it is said to be bigger deal(11600 crores In INR) in recent times and highest than any that Google, Microsoft or Apple have ever done
Koum founded WhatsApp with Brian Acton almost four years ago. Both are former Yahoo engineers.
After the deal closes, Koum is going to join Facebook as an executive and become a member of Facebook's board of directors.
As of December 2013, WhatsApp only employed 50 people, most of whom are engineers.
