Breaking : Facebook is buying WhatsApp for $16 billion
http://vrge.co/1jRmD5p

*Facebook is buying WhatsApp for $16 billion*

By Chris Welch 35 Minutes Ago

Facebook has entered into an agreement to purchase WhatsApp, the massively
popular messaging client, for $16 billion in cash and stock. A document
filed with the 
SEC<http://investor.fb.com/secfiling.cfm?filingID=1326801-14-10&CIK=1326801>
today
confirms the huge purchase. As was the case with Instagram, the company
says WhatsApp will continue to operate independently after the acquisition
-- separate from Facebook Messenger -- but claims the deal "accelerates
Facebook's ability to bring connectivity and utility to the world."
Facebook is also throwing in an extra $3 billion in restricted stock units
that will go to WhatsApp's employees; those will vest over a period of four
years after the acquisition is finalized.

In a press release
<http://newsroom.fb.com/News/805/Facebook-to-Acquire-WhatsApp>announcing
the monumental buyout, CEO Mark Zuckerberg said, "WhatsApp is on a path to
connect 1 billion people. The services that reach that milestone are all
incredibly valuable." He also shared news of the deal on his personal
Facebook 
page<https://www.facebook.com/zuck/posts/10101272463589561?stream_ref=10>,
saying, "WhatsApp will complement our existing chat and messaging services
to provide new tools for our community." Over 450 million people use
WhatsApp each month, according to statistics in the press release, with 70
percent of those users active on a given day. WhatsApp co-founder and CEO
Jan Koum will join Facebook's board of directors as part of the deal, but
his team will remain stationed in Mountain View, California.

"Doing this will give WhatsApp the flexibility to grow and expand, while
giving me, Brian, and the rest of our team more time to focus on building a
communications service that's as fast, affordable and personal as
possible," he said in a blog
post<http://blog.whatsapp.com/index.php/2014/02/facebook/>.
According to Kuam, users don't need to worry about ads "interrupting your
communication." "There would have been no partnership between our two
companies if we had to compromise on the core principles that will always
define our company, our vision and our product," he said.

*Source* 
Facebook<http://investor.fb.com/secfiling.cfm?filingID=1326801-14-10&CIK=1326801>

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