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 b1923e106a2947e39d0a7590a703073e
Top Classifieds
  • HAVANESE PUPS AKC Home Raised, Best H ... Details
  • Registered German ShortHair Pointer P ... Details
  • AKC Shih-Tzu Vet checked, $600 731-3 ... Details
  • Yorkie Pups Shots & Wormed Males ... Details
  • PILLOW TOPmattress sets NEW in pl ... Details
  • Dining Room Suite Duncan Phyfe 270-33 ... Details
  • Downsizing Due To HealthAntique furni ... Details
  • 2BR 1BA 1 1/2 Acres Graves Co. 2357 S ... Details
  • SEEING is believing! Don't b ... Details
  • '01 Daewoo Leganza 58Kmi, $9 ... Details

Most Popular
  1. Public should be educated on teachings of Sharia Law
  2. Convention missteps renew Trump concerns
  3. Pet of the Week

  1. Program promotes healthy eating
  2. Parasitic ambushers
  3. Storm damages Murray business
  1. Parasitic ambushers
  2. Public should be educated on teachings of Sharia Law
  3. Convention missteps renew Trump concerns
Discussion

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