Separate names with a comma.
Discussion in 'Apple, Inc and Tech Industry' started by Reason077, Feb 19, 2014.
Source: Bloomberg. No link yet sorry.
who advised that transaction
edit: $12bn in stock, $4bn in cash, and $1bn breakup fee
Forbes and WSJ links..
Hmmmm, let's see, what would be a good word to describe this.....
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. "
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.
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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