An Interest In:
Web News this Week
- April 14, 2024
- April 13, 2024
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
February 20, 2014 08:19 pm GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/qNYfM4lg5PM/
Wall Street Doesn't Know What to Make of Facebook's WhatsApp Deal
Congratulations Facebook, you've confused Wall Street yet again.
Facebook announced late Wednesday that it plans to acquire WhatsApp for $16 billion in cash and stock, plus another $3 billion in restricted stock units for employee retention, which is by far the company's largest acquisition and a deal that represents nearly one-tenth of Facebook's market value
Wall Street initially reacted by sending Facebook's stock down by as much as 5% in after hours trading. By the time the market opened on Thursday, the stock was essentially flat, down less than 0.5%. It was almost as though the previous 17 hours didn't happen. Read more...
More about Facebook, Stocks, Whatsapp, and BusinessOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/qNYfM4lg5PM/
Share this article:
Tweet
View Full Article
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable