Facebook completes acquisition of WhatsApp, purchase valued at $22B

WhatsApp logoFacebook has completed its acquisition of messaging service WhatsApp, days after the European Commission gave the all-clear to proceed. The purchase, originally valued at $19 billion when the process began ten months ago, has now concluded with the publication of an SEC filing, with the co-founder and chief executive of WhatsApp gaining a seat on the Facebook board.

The purchase price has gone up considerably since the initial acquisition announcement, mostly because of Facebook's stock value increasing over time. The original deal would have seen approximately $4 billion in cash and $12 billion in Facebook shares being used to buy the app, with an extra $3 billion in restricted stock units for the founders and employees, vesting after four years. According to the SEC filing, the final price turned out to be $4.59 billion in cash and 177.7 million shares of Class A common Facebook stock, along with 45.9 million in restricted stock units provided to WhatsApp employees, giving the purchase a total value of just under $22 billion.

Aside from the board seat, WhatsApp CEO Jan Koum gains an annual base salary of $1, with the filing noting he will not be eligible for a bonus under Facebook's bonus plan, along with an inducement grant of 24.85 million restricted stock units.

Source: Electronista

Tags: Facebook, social networks, WhatsApp

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments