Weil Gotshal & Manges and US technology firm Fenwick & West are advising on Facebook’s $16bn (£9.6bn) acquisition of mobile messaging company WhatsApp. The deal includes $4bn in cash and approximately $12bn in Facebook shares. WhatsApp’s founders and employees will get $3bn (£1.8bn) of the shares as restricted stock that will vest over four years after the deal closes.
February 20, 2014 at 06:39 AM
1 minute read
The original version of this story was published on Legalweek
Weil Gotshal & Manges and US technology firm Fenwick & West are advising on Facebook’s $16bn (£9.6bn) acquisition of mobile messaging company WhatsApp.
The deal includes $4bn in cash and approximately $12bn in Facebook shares. WhatsApp’s founders and employees will get $3bn (£1.8bn) of the shares as restricted stock that will vest over four years after the deal closes.
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