Couldn't help but relate the WhatsApp acquisition by FB to what my dream is for Digital Caddies - A guy can dream right?
DC may not be able to compete with the user volume of WhatsApp but all things being equal DC should have a similar success story. I for one want Golfnow.com to purchase DC. Golfnow would buy DC for a lot more than just ad dollars. They would love the idea of having a 4 1/2 hour experience with the golfer outside of the tee time booking process.
- Upon closing of the deal, all outstanding shares of WhatsApp capital stock and options to purchase WhatsApp capital stock will be cancelled in exchange for $4 billion in cash and 183,865,778 shares of Facebook Class A common stock (worth $12 billion based on the average closing price of the six trading days preceding February 18, 2014 of $65.2650 per share). In addition, upon closing, Facebook will grant 45,966,444 restricted stock units to WhatsApp employees (worth $3 billion based on the average closing price of the six trading days preceding February 18, 2014 of $65.2650 per share). As of February 17, 2014, Facebook had 2,551,654,996 Class A and B shares outstanding plus approximately 139 million dilutive securities primarily consisting of unvested RSUs. The Class A common stock and RSUs issued to WhatsApp shareholders and employees upon closing will represent 7.9% of Facebook shares based on current shares and RSUs outstanding.