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19.02.2014 23:21:09

Facebook To Acquire WhatsApp For About $16 Bln - Quick Facts

(RTTNews) - Facebook (FB) Wednesday announced agreement to acquire WhatsApp for approximately $16 billion. The transaction includes a cash-payment of $4 billion, and approximately $12 billion worth of Facebook shares.

The agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp's founders and employees that will vest over four years subsequent to closing.

"WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," said Mark Zuckerberg, Facebook founder and CEO.

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