Monday, October 6, 2014

Facebook closes on WhatsApp purchase; final price exceeds $21 billion

According to an SEC 8-K form filed by Facebook, the latter has finally closed on its purchase of messaging app, WhatsApp. The deal was originally agreed to in February, and the original $19 billion purchase price has since ballooned to a final tally of $21.8 billion. The higher acquisition price is due to the appreciation in Facebook's stock since the deal was announced.



Facebook announced on Monday that WhatsApp co-founder and CEO Jan Koum, will join Facebook's board of directors. Koum is looking at quite a pay day in four years. If he stays with the company for that period of time, he ...



from PhoneArena - News http://ift.tt/1uRxXEg

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