Facebook's $19B WhatsApp Buy Stokes Mobile Bubble Worries

Law360, New York (February 20, 2014, 6:11 PM EST) -- Facebook Inc.'s $19 billion purchase of WhatsApp stoked investor speculation that valuations could soar for other mobile-focused operations, sending shares of BlackBerry Ltd. up sharply Thursday, but experts question whether that optimism could lead to another dot-com bubble.

In a deal that largely took the marketplace by surprise Wednesday evening, Facebook said it would fork over $4 billion in cash, $12 billion in stock and another $3 billion in shares down the line for venture-backed WhatsApp, a mobile-messaging service that has quickly swelled into a global...
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