6/7/2025 6:56:01 PM

Beiruting News

    • back

    Facebook Agrees To Buy WhatsApp

    20 february 2014
    Facebook has agreed to buy the mobile messaging company WhatsApp for $19bn (£11.4bn), the social network has announced.
    The company said in a statement that it would pay $4bn (£2.4bn) in cash and $15bn (£9bn) in Facebook shares as part of the deal.
    The app's founders and employees will get $3bn (£1.8bn) of the shares as restricted stock that will vest over four years after the deal closes.
    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. http://www.ft.com/cms/s/0/44d4fc72-99b2-11e3-b3a2-00144feab7de.html#ixzz2tqhocCRq
    Mark Zuckerberg, chief executive of Facebook, first approached WhatsApp in the first half of 2012 but only began talking about the final deal a week and a half ago. He said the acquisition would help Facebook in its strategy to "connect everyone in the world".
    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. 
    "WhatsApp is on a path to connect 1bn people. The services that reach that milestone are all incredibly valuable," he said. "I've known Jan for a long time and I'm excited to partner with him and his team to make the world more open and connected."
    • Facebook Agrees To Buy WhatsApp

Other news