WhatsApp, the insanely popular instant messaging service used by 190 million monthly active users, is about to get a splash of Facebook blue. The social media giant announced it is acquiring the cross-platform messaging service for $16 billion—more specifically, $12 billion in stock and $4 billion in cash, per the SEC filing. Facebook says the agreement also “provides for an additional $3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing.”
“This is a big deal for us,” says Foursquare CEO Dennis Crowley. “If anything, this [deal with Microsoft] will illustrate how companies can improve existing products with Foursquare data. It’s a starting point.”
Google has taken one giant step toward entering the fast-growing connected home space.
Nelson Mandel has died at the age of 95. Here, we remember the man who pivoted an entire country.
The Canadian insurance company offered $9 a share or $4.7 billion.
The former security contractor, who has been living out of a suitcase for the past seven or so weeks, has been given a piece of paper that allows him a year’s temporary asylum in Russia. Break out the Cossack Petrol!
Bradley Manning, the U.S. Army analyst whose massive data dump to Julian Assange exposed possible U.S. war crimes and caused a geopolitical firestorm, was found not guilty of aiding the enemy in a Fort Meade, Maryland military courtroom today.
Manning was found guilty of five counts of violating the Espionage Act and five theft charges, which could hypothetically result in a life sentence in prison.
In Egypt, Mohammed Morsi has reportedly been ousted as president. In Tahrir Square, thousands are celebrating.