The eye-popping price marks the biggest Internet deal in a decade and set tongues wagging—and Twitter accounts firing—in Silicon Valley.
February 19, 2014 at 07:50 PM
1 minute read
The original version of this story was published on The Recorder
PALO ALTO — Facebook will fork over a whopping $19 billion to buy 5-year-old mobile messaging startup WhatsApp. Facebook Inc. was advised by Weil, Gotshal & Manges, and its target turned to Fenwick & West for legal counsel.
The acquisition price dwarfs that of Facebook’s biggest buy to date, the purchase of Instagram in 2012 for $1 billion. It’s also the biggest Internet deal since the 2000 union of AOL Inc. and Time Warner Inc.
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