Welcome

Thank you for visiting paducahsun.com, the online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

Facebook buying messaging app for $19 billion

Associated Press

NEW YORK - Facebook is buying mobile messaging service WhatsApp for $19 billion in cash and stock, by far the company's largest acquisition and bigger than any that Google, Microsoft or Apple have ever done.

The world's biggest social networking company said Wednesday that it is paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp. In addition, the app's founders and employees - 55 in all - will be granted restricted stock worth $3 billion that will vest over four years after the deal closes.

The deal translates to roughly 11 percent of Facebook's market value. In comparison, Google's biggest deal was its $12.5 billion purchase of Motorola Mobility, while Microsoft's largest was Skype at $8.5 billion. Apple, meanwhile, has never done a deal above $1 billion.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha 3dcd7be250c14a5aba79457ef45b4a08
Top Classifieds
  • HAVANESE PUPS AKC Home Raised, Best H ... Details
  • PILLOW TOPmattress sets NEW in pl ... Details
  • Corner Lot 1 acre $12,000 Kevil 27048 ... Details
  • SEEING is believing! Don't b ... Details
  • KUTTAWA, KY secluded 3 BR/1B home w\1 ... Details

Most Popular
  1. Iraqi forces finish buildup around IS-held Fallujah
  2. Trump rallies veterans during Rolling Thunder
  3. Man drives through memorial cross display
  1. Tilghman youth services director has memorable trip to the White House
  2. Takata recalls affecting local car owners
  3. Alleged 2-day binge ends with Graves woman's arrest
  1. Iraqi forces finish buildup around IS-held Fallujah
  2. Trump rallies veterans during Rolling Thunder
  3. Man drives through memorial cross display
Discussion

Check out these recently discussed stories and voice your opinion...