Menu
Jeff Goldblum Stars in funny GE Link Ad

Jeff Goldblum Stars in funny GE Link Ad

When Will The Apple Watch Come Out?

When Will The Apple Watch Come Out?

Pee-Wee Herman stars in New TV on the Radio Video

Pee-Wee Herman stars in New TV on the Radio Video

Windows 10 Preview Download Release is Today

Windows 10 Preview Download Release is Today

William Shatner and Leonard Nemoy to Star in New Volkswagen e-Golf Commercial

William Shatner and Leonard Nemoy to Star in New Volkswagen e-Golf Commercial

Breaking - Facebook Buying WhatsApp - $16B In Cash And Stock

Feb 19 2014, 4:21pm CST | by , in News | Technology News

Breaking - Facebook Buying WhatsApp - $16B In Cash And Stock
 
 

YouTube Videos Comments

Full Story

Breaking - Facebook Buying WhatsApp - $16B In Cash And Stock

From the regulatory filing:

On February 19, 2014, Facebook, Inc. (“Parent”) entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with Rhodium Acquisition Sub II, Inc., a Delaware corporation and wholly owned (in part directly and in part indirectly) subsidiary of Parent (“Acquirer”), Rhodium Merger Sub, Inc., a Delaware corporation, a direct wholly owned subsidiary of Acquirer (“Merger Sub”), WhatsApp Inc., a Delaware corporation (“WhatsApp”), and Fortis Advisors LLC, as the stockholders’ agent. Pursuant to the terms of the Merger Agreement, Merger Sub will merge with and into WhatsApp (the “First Merger”), and upon consummation of the First Merger, Merger Sub will cease to exist and WhatsApp will become a wholly owned subsidiary of Acquirer. The surviving corporation of the First Merger will then merge with and into Acquirer, which will continue to exist as a wholly owned (in part directly and in part indirectly) subsidiary of Parent. Upon consummation (the “Closing”) of the transactions contemplated by the Merger Agreement (the “Merger”), all outstanding shares of WhatsApp capital stock and options to purchase WhatsApp capital stock will be cancelled in exchange for an aggregate of 183,865,778 shares of Parent’s Class A common stock (valued at $12 billion based on the average closing price of the six trading days preceding February 18, 2014 of $65.2650 per share (“Specified Price”)) and $4 billion in cash to existing WhatsApp securityholders, subject to certain adjustments such that the cash paid will comprise at least 25% of the aggregate transaction consideration. In addition, upon Closing, Parent will grant 45,966,444 restricted stock units to WhatsApp employees (valued at $3 billion based on the Specified Price).

A huge acquisition but one which is important for Facebook to both continue its growth but also continue to gather the valuable data it needs to deliver monetizable services to its customers. More on this as the story develops….

Source: Forbes

 

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Liv Tyler and Molly Sims reveal second Pregnancy
Liv Tyler and Molly Sims reveal second Pregnancy
Two of the most beautiful Hollywood actresses revealed that they are expecting their second child.
 
 
Gwen Stefani is Finishing Her New Album With Pharrell Williams
Gwen Stefani is Finishing Her New Album With Pharrell Williams
This will be Gwen’s first album in the last eight years as her last album was in 2006.
 
 
Windows 10 Preview Download Release is Today
Windows 10 Preview Download Release is Today
Microsoft is releasing the Windows 10 Preview today, Oct. 1.
 
 
Holly Willoughby announces Delivery of her Third Baby
Holly Willoughby announces Delivery of her Third Baby
Holly Willoughby announced the delivery of her third baby on This Morning Show.