Thursday, February 20, 2014

MC2 Post 1807 So What's The Big Deal FACEBOOK ???









WhatsApp Founders Become Billionaires 

In $19 Billion Facebook Deal  




From:  http://www.forbes.com



Facebook just made two more Silicon Valley entrepreneurs into billionaires.



On Wednesday, the Menlo Park, Calif.-based company announced a record $19 billion for messaging service WhatsApp, instantly taking its cofounders Jan Koum and Brian Acton into the realm of 10-figure fortunes. FORBES estimates that Koum held about a 45% stake in the company, while Acton’s stake was over 20%.








In a filing with the Securities and Exchange Commission, Facebook said it would be paying for the deal with nearly 184 million shares, $4 billion in cash and nearly 46 million restricted stock units (RSUs), valuing the acquisition at over $19 billion. After disregarding the RSUs, which are not immediately exercisable, and assessing taxes, FORBES estimates that Koum is worth $6.8 billion while 
Acton is worth at least $3 billion as of Facebook’s closing 
 share price on Wednesday.

 


Messages left with WhatsApp were not immediately returned on Wednesday.







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