In addition, upon closing, Facebook will grant 45,966,444 restricted stock units to WhatsApp employees (worth $3 billion based on the average closing price of the six trading days preceding Februof $65.2650 per share). Upon closing of the deal, all outstanding shares of WhatsApp capital stock and options to purchase WhatsApp capital stock will be cancelled in exchange for $4 billion in cash and 183,865,778 shares of Facebook Class A common stock (worth $12 billion based on the average closing price of the six trading days preceding Februof $65.2650 per share). WhatsApp’s brand will be maintained its headquarters will remain in Mountain View, CA Jan Koum will join Facebook’s Board of Directors and WhatsApp’s core messaging product and Facebook’s existing Messenger app will continue to operate as standalone applications. This approach is working well with Instagram, and WhatsApp will operate in this manner. We’re excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world.”įacebook fosters an environment where independent-minded entrepreneurs can build companies, set their own direction and focus on growth while also benefiting from Facebook’s expertise, resources and scale. Jan Koum, WhatsApp co-founder and CEO, said, “WhatsApp’s extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide. “I’ve known Jan for a long time and I’m excited to partner with him and his team to make the world more open and connected.” The services that reach that milestone are all incredibly valuable,” said Mark Zuckerberg, Facebook founder and CEO. “WhatsApp is on a path to connect 1 billion people. The combination will help accelerate growth and user engagement across both companies. The acquisition supports Facebook and WhatsApp’s shared mission to bring more connectivity and utility to the world by delivering core internet services efficiently and affordably. Continued strong growth, currently adding more than 1 million new registered users per day.
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