The deal is broken down as $12B in Facebook shares, $4B in cash and an additional $3B in RSUs for employee retention.
Facebook posted on its blog, detailing the reasoning behind the acquisition as well. The post confirms that WhatsApp will continue to operate independently and retain its brand.
WhatsApp co-founder and CEO Jan Koum will join Facebook’s board, however Brian Acton who was turned down when he applied to join Facebook in 2009 prompting him to launch WhatsApp will remain with the messenger giant.
The cost of higher education has exploded while its value has increased. Your lifetime earnings could be 84% higher if you graduate from college. This leaves many young people debt-wracked. In America, the percentage of households, headed by under-35 year olds, with education debt increased from 17% to more than 40% between in 1989 and 2010. The figure below shows their average debt: