Facebook will acquire message and phone company WhatsApp for $16 billion, according to an SEC filing made today. The purchase price includes roughly $4billion in cash and $12 billion in Facebook stock. An additional $3 billion in restricted stock could be paid out over four years to WhatsApp employees.
This is the largest acquisition the social media company has made to date, nearly 16 times as much as what the company paid for Instagram in April of 2012.
This story was updated several times Wednesday afternoon as more information became available. The headline and lead of the story were corrected to note that the purchase price was $16 billion, and the additional $3 billion is in restricted stock units.
This is the largest acquisition the social media company has made to date, nearly 16 times as much as what the company paid for Instagram in April of 2012.
This story was updated several times Wednesday afternoon as more information became available. The headline and lead of the story were corrected to note that the purchase price was $16 billion, and the additional $3 billion is in restricted stock units.