Techcrunch reports that: "Facebook is purchasing messaging giant WhatsApp for $16B in cash and stock, according to a regulatory filing. The deal is being cut for $12B in Facebook shares, $4B in cash and an additional $3B in RSUs for employee retention.
A termination fee is attached to the deal that would cost Facebook $1B in cash and $1B in shares if the deal fails to pass regulatory muster. "
WhatsApp is fast-approaching the 1 billion user mark and rivals SMS as the preferred medium for text communication via mobile phones in many countries. We can expect a gradual but certain tie-up between Facebook Messenger and WhatsApp as a result of this deal.
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