Culture

Facebook Buying WhatsApp For $16 Billion

Instant messaging service for smartphones

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From the regulatory filing:

On February 19, 2014, Facebook, Inc. ("Parent") entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") with Rhodium Acquisition Sub II, Inc., a Delaware corporation and wholly owned (in part directly and in part indirectly) subsidiary of Parent ("Acquirer"), Rhodium Merger Sub, Inc., a Delaware corporation, a direct wholly owned subsidiary of Acquirer ("Merger Sub"), WhatsApp Inc., a Delaware corporation ("WhatsApp"), and Fortis Advisors LLC, as the stockholders' agent.