In one of the largest acquisition in the tech space ever, Facebook has announced that it will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock. Is it a good deal?
Sequoia Capital may have made as much as $3 billion from the sale of WhatApp to Facebook.
The deal sent shares in BlackBerry up as much as 9 percent in trading after the bell because it put a rough valuation metric around the smartphone maker's own BlackBerry Messaging service.
The Facebook CEO had this to say on his Facebook wall after the acquisition of Whatsapp.
The deal translates to roughly 9 percent of Facebook's market value.
Cisco Systems reported another tough quarter, saying profits fell by more than half and revenue declined by nearly 8 percent.
Dongfeng said it and Peugeot will expand cooperation in technology, research and development, manufacturing and overseas distribution.
The cash-and-stock deal, expected to close by mid-year, will give Actavis about $15 billion in combined revenue.
The head of the US Food and Drug Administration (FDA) called for more collaboration among regulators to improve drug quality and safety as she wrapped up a visit to India after recent import bans on drugs from a handful of plants in the country.
On Sunday, 30 women protesters in Kazakhstan were arrested and thrown into police vans while wearing lace underwear on their heads and shouting "Freedom to panties!"<br />
FDI inflows into China in 2013 rose to a record $117.6 billion.<br />
British-Indian businessman Ranjit Boparan, known as the "chicken king", is set to axe around 1,800 jobs in the UK as part of a major restructuring of his food business empire.
It was no honeymoon for Janet Yellen at a marathon congressional hearing earlier this week, but the love was back on Friday with a flutter of #FedValentines on Twitter for the Federal Reserve and its first woman chief.
Warren Buffett's Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs , according to a regulatory filing on Friday.
E-commerce auction house eBay Inc became a darling among top US hedge funds in the fourth quarter.
The fund said in November it would sell shares to dilute its 78.02 percent stake in Essar Energy so the company met UK listing requirements.
The UK finance minister said that the currency couldn't be split up like a CD collection.
Comcast is planning to acquire all of Time Warner Cable's shares in a friendly deal set to be announced on Thursday morning.
Apple Inc is in talks with Time Warner Cable and other content partners for a faster TV set-top box with a new user-interface that could be revealed as soon as April, Bloomberg cited sources familiar with the matter as saying.
The 20 planes are worth about $8.3 billion but list prices are often discounted for big buyers.<br />
The paid ads will seek to drive traffic to the www.GMOAnswers.com website, started last year by agrichemical industry players that want to allay concerns about GMO foods, according to an executive who helps to run the site.
Slovenia-based Bitstamp is now the second major bitcoin exchange to halt customer withdrawals in the past several days.
But it is also paying staff higher bonuses, risking a backlash from the politicians and taxpayers who bailed out much of the industry during the financial crisis.<br />
Despite the cost of ferrying it, Colombian oil companies are looking at India as a oil export market given sales to US have fallen.
General Motors Co's Mary Barra, the auto industry's first female chief executive officer, will be paid $14.4 million in cash and stock this year.