How big is the Facebook-Whats App deal? Sample this: Only 14 Indian listed companies are valued more than WhatsApp. These big 14 are: TCS, Reliance, ITC, ONGC, Infosys, Coal India, HDFC Bank, Wipro, Sun Pharma, Tata Motors, HDFC, HUL, Bharti Airtel and ICICI Bank.
Companies like SBI, NTPC, HCL Tech, Larsen, Cairn India and M&M are valued less than WhatsApp as per Wenesday's closing price. Here's more: WhatsApp has been valued more than combined listed media and retail stocks of India.
WhatsApp is valued more than some of global corporate giants like: Alcoa (USD 12.2bn), Blackstone Group (USD 17.8bn), The Gap (USD 19bn), Harley-Davidson (USD 14.1bn), Marriott International (USD 15.4bn), Moody’s (USD 17.08bn), News Corp (USD 10.27bn), Nielsen (USD 17.6bn), Tiffany & Co. (USD 11.4bn) and Xerox (USD 13.2bn).*(*Source: NASDAQ)
(Also Check out: Before WhatsApp! 5 big ticket deals that changed social media) Social media was abuzz on Thursday, after Facebook Inc announced it will buy fast-growing mobile-messaging startup WhatsApp for USD 19 billion in cash and stock, as the world's largest social network looks for ways to boost its popularity, especially among a younger crowd. Facebook said on Wednesday it will pay USD 4 billion in cash and about USD 12 billion in stock in its single largest acquisition, dwarfing the USD 1 billion it paid for photo-sharing app Instagram. As part of the deal, WhatsApp co-founder and Chief Executive Jan Koum will join Facebook's board, and the social network will grant an additional USD 3 billion worth of restricted stock units to WhatsApp's founders, including Koum. In event the merger fails to obtain regulatory approval, Facebook has agreed to pay a breakup fee to WhatsApp of USD 1 billion in cash and issue to WhatsApp shares of Facebook Class A common stock equal to another USD 1 billion.
Some interesting numbers:
(By Sagar Salvi & Riken Mehta)
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