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Facebook to Buy WhatsApp for 16 Billion

posted by Dopefish on Thursday February 20 2014, @09:00AM   Printer-friendly
from the when-will-this-darn-bubble-pop-already? dept.

lubricus writes "Facebook announced plans to acquire WhatsApp for four billion cash, plus 12 billion in Facebook shares.

Additionally, WhatsApp employees and founders will receive three billion in restricted stock which will vest in four years. Facebook also agreed to a one billion dollar break up fee.

WhatsApp says they have message volume which approaches the global SMS volume, and hope to have one billion users. Even at those figures, Facebook is paying $16 per user.

I'm guessing WhatsApp will send Snapchat developers a cake."

 
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  • (Score: 5, Insightful) by girlwhowaspluggedout on Thursday February 20 2014, @09:55AM

    by girlwhowaspluggedout (1223) on Thursday February 20 2014, @09:55AM (#3299)

    If their goal is to sabotage companies and be obstacles in front of any possible competition, whatever the price, they're doing a pretty good job of it.

    FTFY.

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  • (Score: 3, Interesting) by combatserver on Thursday February 20 2014, @10:30AM

    by combatserver (38) on Thursday February 20 2014, @10:30AM (#3312)

    "...any possible competition, whatever the price..."

    I agree.

    When you live in a house of cards, the last thing you need is someone grabbing the ones from the bottom. One missing card at the bottom is enough to bring the entire house down.

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