HomeNewsBusinessMarketsOMG! Only 14 listed Indian cos valued higher than WhatsApp

OMG! Only 14 listed Indian cos valued higher than WhatsApp

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.

February 21, 2014 / 09:22 IST
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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, HULBharti Airtel and ICICI Bank

Companies like SBI, NTPC, HCL Tech, LarsenCairn 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.

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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.