Facebook to acquire WhatsApp for $19 billion
In a press release, Facebook announced that it will acquire mobile messaging app WhatsApp for $19 billion.
According to Facebook, the $19 billion is broken down to; $4 billion in cash, $12 billion in Facebook stock, then another $3 billion in FB stocks will be given to WhatsApp staff and will be vest over 4 years once the the deal is closed. WhatsApp currently - or should I say - only has 50 staff, where 32 are engineers, which makes the $19 billion crazy, specially you do that math. Full Text of the press release after the break.