Whatsapp sold to Facebook New Updated 2019
So our asked Equilar, a business that concentrates on assessing executive settlement and business information, to help us take a look at all the Securities as well as Exchange Commission filings related to Koum's sales for 2016.
Whatsapp Sold To Facebook
It ends up he's marketed greater than 22 million shares worth roughly $2.8 billion because January.
Facebook accepted buy WhatsApp in February 2014 for over $19 billion in supply, and also the cost had actually increased to $22 billion by October, when the deal closed, thanks to Facebook's rising supply rate. Koum owned concerning 45% of the business when he sold it, Forbes estimates, which suggests his take on paper had to do with $10 billion. He additionally obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy filing, Koum had over 60 million shares of ordinary shares. He also had another 19 million restricted supply devices, which vest in time and work as an incentive for him to stick around until November 2018.
Based on that vesting schedule, it appears like he's made about 3 numerous those RSUs until now this year.
So generally, he's offered about one-third of his present stake in Facebook this year.
Koum's supply sales come as WhatsApp continues to grow rapidly and also as the firm is making changes to the service that can open brand-new moneymaking chances, however additionally runs the risk of estranging some customers.
On Thursday, Facebook announced that WhatsApp was transforming its personal privacy policy for the first time because the acquisition to allow Facebook to see the contact number that a user shares when they register for WhatsApp. Facebook can utilize this info to permit organisations to call individuals directly through WhatsApp, as they can already do with Carrier, and also will allow Facebook to show more relevant advertisements to logged-in customers. Nonetheless, WhatsApp claimed it would not share these phone numbers directly with users.
WhatsApp passed more than than 1 billion monthly users in February as well as is one of the most preferred conversation app in over half of the world, according to current statistics from SimilarWeb.
Facebook had no discuss the sales, as it doesn't discuss individuals' financial investment decisions.