“Facebook Inc’s purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will solidify the social network’s position as a leader in mobile. The companies should get a gold certificate of something to hang on their respective walls to commemorate the achievement.įinally, given that we all leaned on the same crutch, I should give some props to the good folks at Reuters, who at least went to the trouble of reaching for a different part of the face to describe the deal: Silicon Valley has officially confirmed that the deal is Jaw-Dropping. TechCrunch: “Monetization was the big topic on today’s analyst call after Facebook announced it acquired WhatsApp for a jaw-dropping total of $19 billion.” Facebook pays a jaw-dropping $19 billion for an app. What a deal this is, Facebook is buying whatsapp for $19 billion. It must be a jaw-dropping $1.6 billion, not an earth-shaking $16 billion.”įoxBusiness: “Yet, the jaw-dropping deal, which is valued at about 8% of Facebook’s market cap, is getting applause by analysts, and shares of Facebook are only off a mere 2% despite shelling out that colossal amount of cash and stock.”ĪBC News: “Now to a blockbuster tech deal. USA Today: “When Facebook said it would plunk down $16 billion for WhatsApp, I thought the folks in Menlo Park, Calif., had committed a serious typo. 5 fb.com 3 650-521-XXXX 408-765-XXXX 415-595-XXXX Andrea Kirkpatrick Head of WhatsApp Legal.
#WHATSAPP INC. MENLO PARK SERIES#
The company has avoided jaw-dropping takeovers in favor of a series of smaller deals, using the companies to buttress or fill a gap in products that already exist or are in development.” management team includes Nitin Gupta (Vice President and Head of Engineering), Carl Woog. New York Times (using the backhand approach): “As fellow tech giants have reached billion-dollar deals in recent years to add significant new arms to their businesses - like Facebook buying WhatsApp for as much as $19 billion, and Microsoft buying Nokia’s handset business for more than $7.1 billion - Apple has ventured down a different path. Gigaom: “Another day and another acquisition - and another one that is jaw dropping and seemingly insane.”
It’s most definitely a big number - and, really, jaw-dropping - for the social networking site to pay for one of the most popular communications apps around.” Re/Code (2-for-1 special!): “Everyone in a room I was in today dropped their jaws in disbelief when I told them the news that Facebook had forked over $19 billion to buy the global mobile messaging service WhatsApp.
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