Sr. Correspondent, Broker Research, Bangalore, India
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Feb 21, 2014

Wall Street sees sense in Facebook’s $19 billion WhatsApp buy

By Soham Chatterjee and Saqib Iqbal Ahmed

(Reuters) – Facebook Inc’s purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will solidify the social network’s position as a leader in mobile.

Facebook shares closed up 2.3 percent at $69.63 after falling as much as 3 percent in early trading as investors got over the initial sticker shock of the deal value.

Feb 20, 2014

Wall Street sees sense in Facebook’s $19 bln WhatsApp purchase

Feb 20 (Reuters) – Facebook Inc’s purchase of
fast-growing mobile-messaging startup WhatsApp for $19 billion
stunned the markets but analysts said the deal made strategic
sense as it will solidify the social network’s position as a
leader in mobile.

Facebook shares were down 3.1 percent before the bell on
Thursday, representing a loss of about $5.4 billion in market
value.

    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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