Facebook makes a smart move by acquiring hot messaging service WhatsApp in a whopping $19 billion deal. We take a look at some of the top acquisitions around the world.
Facebook acquires WhatsApp
Deal worth: $19 billion
Year: 2014
Facebook Inc acquires mobile-messaging startup WhatsApp for a whopping $19 billion in cash and stock.
The hot messaging service has more than 450 billion users and can handle 50 billion messages every day.
The deal underscores Facebook's determination to win the market for messaging. As part of the deal, WhatsApp co-founder and Chief Executive Officer Jan Koum will join Facebook's board, and the social network will grant an additional $3 billion worth of restricted stock units to WhatsApp's founders, including Koum. That is on top of the $16 billion in cash and stock that Facebook will pay, says a Reuters news report.
Deal worth: $19 billion
Year: 2014
Facebook Inc acquires mobile-messaging startup WhatsApp for a whopping $19 billion in cash and stock.
The hot messaging service has more than 450 billion users and can handle 50 billion messages every day.
The deal underscores Facebook's determination to win the market for messaging. As part of the deal, WhatsApp co-founder and Chief Executive Officer Jan Koum will join Facebook's board, and the social network will grant an additional $3 billion worth of restricted stock units to WhatsApp's founders, including Koum. That is on top of the $16 billion in cash and stock that Facebook will pay, says a Reuters news report.