Facebook Bets $19B On Mobile Messaging In WhatsApp Deal

Law360, New York (February 19, 2014, 5:27 PM EST) -- Facebook Inc. on Wednesday doubled down on a plan to broaden its reach across new platforms with an announcement that it would fork over up to $19 billion in cash and stock for venture-backed WhatsApp, a popular mobile messaging service.

The cash component of the deal covers $4 billion of the total purchase price, with the rest coming in the form of Facebook shares. Under the deal agreement, WhatsApp's founders could pick up another $3 billion in restricted stock over four years after the deal closes...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.