Facebook to buy Whatsapp in $16 billion deal

Discussion in 'Apple, Inc and Tech Industry' started by Reason077, Feb 19, 2014.

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  1. Reason077 macrumors 68000

    Reason077

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  2. benzslrpee, Feb 19, 2014
    Last edited: Feb 19, 2014

    benzslrpee macrumors 6502

    benzslrpee

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    #2
    who advised that transaction :eek:

    edit: $12bn in stock, $4bn in cash, and $1bn breakup fee
     
  3. mobilehaathi macrumors G3

    mobilehaathi

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    #4
    Hmmmm, let's see, what would be a good word to describe this.....



    revolting.
     
  4. LizKat, Feb 19, 2014
    Last edited: Feb 19, 2014

    LizKat macrumors 68040

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    #5

    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. "
     
  5. roadbloc macrumors G3

    roadbloc

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    #6
    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.
     
  6. nebo1ss macrumors 68030

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    #7
    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.
     
  7. maflynn Moderator

    maflynn

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