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.