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Facebook to buy Whatsapp in $16 billion deal

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benzslrpee

macrumors 6502
Jan 1, 2007
406
26
who advised that transaction :eek:

edit: $12bn in stock, $4bn in cash, and $1bn breakup fee
 
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LizKat

macrumors 604
Aug 5, 2004
6,668
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who advised that transaction :eek:

edit: $12bn in stock, $4bn in cash, and $1bn breakup fee


AND $3bn in restricted stock units after four years, under assorted terms and conditions - per WSJ and others.

Your question is a good one. NYT sez "Corporate advisers played some role as well. Michael Grimes, the Morgan Stanley banker who orchestrated Facebook’s flawed initial public offering in 2012, was this time on the other side of the table, advising WhatsApp on its sale" but they don't say who advised FB. Grimes, wow. How happy could FB even have been ever to see him again...

Update: OK, WSJ has this: "Facebook was advised by Allen & Co. LLC and Weil, Gotshal & Manges LLP; and WhatsApp was advised by Morgan Stanley and Fenwick & West LLP. "
 
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roadbloc

macrumors G3
Aug 24, 2009
8,784
213
UK
That's a lot of money for a simple chat app. I can possibly see a lot of people ditching WhatsApp due to this move.
 

nebo1ss

macrumors 68030
Jun 2, 2010
2,808
1,602
It will probably be sold on in a couple of years for a significant loss. So many of these Social Media companies are trying to outdo each other that valuations seem to be crazy.
 
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