Facebook to buy WhatsApp messaging app for $19 billion
Facebook has posted the news on its official page that the company is all set to buy the mobile messaging service, Whatsapp for $19 billion dollars in cash and stock, which is reported to be its largest acquisition as far and being bigger than any that Google, Microsoft or Apple have ever done.
The company said on Wednesday that it would be paying $12 billion in facebook stock and $4 billion in cash for Whatsapp. Also, the app finders and the staff-55 in number will be granted $3 billion as restricted stock that would vest over four years after the deal closes. The deal sums up for about 9% of facebook’s market value. In comparison, Google’s biggest deal, Motorola mobility, stood at $12.5 billion while Microsoft bought Skype for $8 billion. On the other hand, Apple never made a deal above $1 billion.
The company said on Wednesday that it would be paying $12 billion in facebook stock and $4 billion in cash for Whatsapp. Also, the app finders and the staff-55 in number will be granted $3 billion as restricted stock that would vest over four years after the deal closes. The deal sums up for about 9% of facebook’s market value. In comparison, Google’s biggest deal, Motorola mobility, stood at $12.5 billion while Microsoft bought Skype for $8 billion. On the other hand, Apple never made a deal above $1 billion.