Facebook has agreed to acquire messaging service WhatsApp for approximately $16 billion, including $4 billion in cash and about $12 billion worth of Facebook shares, Facebook said in a release.
The agreement also provides for an additional $3 billion in restricted stock, to be granted to WhatsApp’s founders and employees, that will vest over four years once the deal closes.
It is Facebook’s largest purchase deal to date.
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Mingze Wu
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