Facebook Forks Out $19 Billion For Whatsapp
In an unexpected deal Facebook has bought the smartphone messaging service Whatsapp for $19 billion. Almost as surprising as the deal is the amount of money Facebook offered. Whatsapp cofounders Yan Koum and Brian Acton accepted $16 billion in cash and $3 billion in restricted stock units making it the biggest buyout since AOL snagged TimeWarner.
“Facebook Forks Out $19 Billion For Whatsapp” is categorized as “entertainment”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.