Tag Archives: analysts

Wall Street sees sense in Facebooks $19 billion WhatsApp buy

Wall Street sees sense in Facebooks $19 billion WhatsApp buy


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.

Read more »

Wall Street sees sense in Facebooks $19 billion WhatsApp buy

Wall Street sees sense in Facebooks $19 billion WhatsApp buy


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.

Read more »