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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Facebook Purchases WhatsApp 0 comments
    Feb 20, 2014 11:37 AM | about stocks: FB

    Originally published at www.seclive.com

    Filing in Focus: Facebook 8-K, February 19, 2014

    Facebook, Inc. (NASDAQ:FB) has announced it has entered a purchase agreement with messaging company WhatsApp in a cash and shares transaction valued at $19B. Sales figures were not disclosed by the Mountain View, California-based company but over 450 million people use the service each month. Facebook, advised by Allen & Co. and Weil, Gotshal & Manges, will pay $4B in cash with $12B in stocks plus $3B in restricted stock to WhatsApp employees. Facebook CEO Mark Zuckerberg and WhatsApp co-founder and CEO Jan Koum began discussions in 2012, and believe their partnership will help secure the younger demographic that relies on text messaging. Messaging volume through WhatsApp is approaching that of the entire global telecom SMS system, and WhatsApp continues to drive strong growth, with over one million new users per day.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: transaction, acquistion, form 8-K Stocks: FB
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