Connect with us

#Facebook to pay #WhatsApp $2 billion if deal fails to get necessary approvals

News

#Facebook to pay #WhatsApp $2 billion if deal fails to get necessary approvals


Image

Facebook will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in a landmark deal. This is what has been trending all over the world.

But did you know Facebook will have to shell out $2 billion (over Rs. 12,500 crores) if its acquisition of the instant messaging service WhatsApp fails to get necessary approvals.

“In the event of termination of the merger agreement under certain circumstances principally related to a failure to obtain required regulatory approvals, the merger agreement provides for Facebook to pay WhatsApp a fee of $1 billion in cash,” Facebook said

Sourced from http://gadgets.ndtv.com/apps/news/facebook-to-pay-whatsapps-2-billion-if-deal-fails-to-get-necessary-approvals-485965

 

 

Facebook Comments


Continue Reading
Advertisement
You may also like...

We are a news site covering Technology and Business trends in Kenya, East Africa and across the Globe, including products and service reviews. For tips, story ideas, guest posts or advertising inquiries, email techtrendske@gmail.com or info@techtrendske.co.ke. You can also call us on +254 727 503 198

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in News

SUBSCRIBE : 24BIT TV

LATEST DEALS

LISTEN TO OUR LATEST PODCAST ON 24BIT HERE

Subscribe to our mailing list

* indicates required

Latest News

Advertisement
To Top