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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, Funny) by mrclisdue on Thursday February 20 2014, @02:03PM

    by mrclisdue (680) on Thursday February 20 2014, @02:03PM (#3436)

    Oh, US dollars. I know the beta site was American or assumed all visitors were American, is this new site going to do the same thing?

    Indeed, matey!

    I see your disgust and I raise you 1 token of your choosing.

    Perhaps we can cite valuation in Bitcoin, since we're all nerdy enough to understand wtf it is whilst failing to explain it to anyone who doesn't have a degree in voodoo economics. Ponzi will suffice in a pinch.

    I digress.

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