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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: 1) by EvilJim on Thursday February 20 2014, @10:08PM

    by EvilJim (2501) on Thursday February 20 2014, @10:08PM (#3774) Journal

    I don't have enough friends to even bother with junk like this, I spend approx 20c per month on txt's, that is 1 txt for those of you counting and that's usually work related :) I could claim it back if I could be bothered.