Facebook To Acquire WhatsApp Mobile Messaging For $19 Billion - Fox 2 News Headlines

Facebook To Acquire WhatsApp Mobile Messaging For $19 Billion

Posted: Updated:

Facebook announced on Wednesday that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately $19 billion. The agreement includes $4 billion in cash, $12 billion worth of Facebook shares, and WhatsApp's founders and staff will be eligible for another $3 billion in stock grants to be paid out if they remain employed by Facebook for four years.

The agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp's founders and employees that will vest over four years subsequent to closing.

On CEO Mark Zuckerberg's Facebook page, he wrote, "I'm excited to announce that we've agreed to acquire WhatsApp and that their entire team will be joining us at Facebook. Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day."

WhatsApp has built a real-time mobile messaging service with 450 million users and continue to add more than a million new users per day.

  • Share ThisMore>>

  • Kidnapping "Prank" Goes Bad, Parents Not Amused

    Kidnapping "Prank" Goes Bad, Parents Not Amused

    Friday, April 18 2014 1:58 PM EDT2014-04-18 17:58:38 GMT
    Twins brothers with a YouTube channel filled with their pranks say they weren't trying to make a joke. Serious intentions or not, a park full of parents were not amused by their latest stunt. This video is a must-see!
    Twins brothers with a YouTube channel filled with their pranks say they weren't trying to make a joke. Serious intentions or not, a park full of parents were not amused by their latest stunt. This video is a must-see!
  • Griffith Park Mountain Lion Found Sick, Possibly Poisoned

    Griffith Park Mountain Lion Found Sick, Possibly Poisoned

    Thursday, April 17 2014 3:26 PM EDT2014-04-17 19:26:14 GMT
    Rat poison may be responsible for the sorry condition of a wild mountain lion in LA's Griffith Park. The mountain lion is known to the National Park Service as ‘P-22'.
    Rat poison may be responsible for the sorry condition of a wild mountain lion in LA's Griffith Park. The mountain lion is known to the National Park Service as ‘P-22'.
  • myFOX Tech

    Tired, Sore Eyes? Enter: Gunnar Optiks Intercept

    Tired, Sore Eyes? Enter: Gunnar Optiks Intercept

    Thursday, April 17 2014 1:39 PM EDT2014-04-17 17:39:18 GMT
    I met the folks from Gunnar Optiks at CES this year and they had something new to show me. The Intercepts. I have a big head, these are big frames, it was kismet but do they work as good as they look? We'll see.
    I met the folks from Gunnar Optiks at CES this year and they had something new to show me. The Intercepts. I have a big head, these are big frames, it was kismet but would my eyes revel in this serendipitous confluence of events? We'll see.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices