Facebook to Acquire WhatsApp

- Acquisition accelerates Facebook's ability to bring connectivity and utility to the world - Leading mobile messaging company will continue to operate independently and retain its brand - WhatsApp co-founder and CEO Jan Koum to join Facebook Board of Directors MENLO PARK, Calif. , Feb. 19, 2014 /PRNewswire/ - Facebook today announced that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately $16 billion , 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. WhatsApp has built a leading and rapidly growing real-time mobile messaging service, with: Over 450 million people using the service each month; 70% of those people active on a given day; Messaging

19 Feb 2014 ... - WhatsApp co-founder and CEO Jan Koum to join Facebook Board of Directors. MENLO PARK, Calif. , Feb. 19, 2014 /PRNewswire/ -- Facebook ...

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