It was bound to happen, but I didn’t expect it quite this soon or for quite this much dough.
Facebook shelled out
$16B $19B in cash and stock ($4B and $12B respectively) for the 30-some person WhatsApp team that built a messaging empire of nearly half a billion users. Note: an additional stash of $3B worth of stock is also available after a bearing period.
With this, it’s about time we updated Zuckerberg’s recent quote:
a mobile company.