This news is too big to ignore even if you’re sick and tired of reading another “Facebook acquires WhatsApp” post. Here are the gists:
- The deal includes $12 billion in Facebook shares and $4 billion cash. An additional $3 billion in restricted stock will be given to WhatsApp staffs, vested over four years.
- WhatsApp will continue to operate independently.
- WhatsApp founder Jan Koum will join Facebook’s board.
- Facebook’s announcement.
- WhatsApp’s blog post.
- Sequoia Capital, the sole WhatsApp investor, published a blog post on “Four Numbers That Explain Why Facebook Acquired WhatsApp”.
So will WhatsApp remains ads free?