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Tag: Deals (1-3 of 3)

Facebook buying messaging app WhatsApp for $16B

Facebook is buying mobile messaging service WhatsApp for up to $19 billion in cash and stock, by far the company’s largest acquisition.

The world’s biggest social networking company said Thursday it’s paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp. In addition, the app’s founders and employees will be granted $3 billion in restricted stock that will vest over four years after the deal closes.

Facebook says it is keeping WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.3 million.

WhatsApp has more than 450 million monthly active users. In comparison, Twitter had 241 million users at the end of 2014.

Facebook CEO Mark Zuckerberg says WhatsApp is on path to reach a billion users.

21st Century Fox acquires 5 percent stake in 'Vice'

Former News Corp subsidiary 21st Century Fox is set to take a 5 percent stake in digital media and publishing group Vice, the Financial Times reports. The deal will total $70 million, according to Fox’s $1.4 billion appraisal of Vice.

With an announcement set for Monday, the companies are expected to announce a push for Indian and European markets, where Fox already has stakes in existing media companies. Speculation about the deal has been brewing since last October when News Corp head Rupert Murdoch tweeted, “Who’s heard of VICE media? Wild, interesting effort to interest millenials [sic] who don’t read or watch established media. Global success.” READ FULL STORY

HBO reaches deal to connect with Apple TV

HBO’s streaming service, HBO GO, became available to view on Apple TVs starting today. The cable network announced the news Tuesday at AllThingsD’s “Dive Into Media” conference in Dana Point, Calif.

The apps for HBO GO and sister network Cinemax’s MAX GO do not link directly to Apple TV, but the shows can be played on iPhones and iPads, then connected to Apple TV devices via AirPlay, which allows wireless streaming between Apple devices.

HBO GO is currently available online and on Xbox, Roku, and other devices, but HBO co-president Eric Kessler said at the conference that the network’s “long-term goal for GO is to be on all devices and all platforms.”

Read more:
HBO reacts to ‘Thrones’-inspired ‘Take My Money’ campaign
Yes, HBO is developing a ‘Bored to Death’ movie
‘Game of Thrones’ author lands HBO development deal

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