Seeking new ways to be a player in mobile messaging, Facebook announced today that it will acquire the fast-growing WhatsApp firm for some $16 billion in cash and stock. The deal includes an additional $3 billion in Facebook stock for the employees of WhatsApp, who would see the shares vest over four years.
This is the second headline-grabbing acquisition by Facebook, following the $1 billion deal for Instagram that was announced in the spring of 2012. The new deal calls for Facebook to pay $4 billion in cash, along with around $12 billion in stock.
Originally published on Thu February 20, 2014 6:05 am
Energy Secretary Ernest Moniz announced a multibillion-dollar loan guarantee Wednesday for building nuclear reactors in Georgia, underscoring the White House's plan for an "all of the above" energy strategy.
The two reactors will be the first built in this country in nearly three decades.
If there is such a thing as a home rink advantage, that makes the competition in the women's figure skating program fierce. Russian fans erupted with glee for Adelina Sotnikova on Wednesday. And then there's Yulia Lipnitskaya, a 15-year-old Russian phenom who has thrilled Russian fans and stunned the figure skating world.
Scott Hamilton, a 1984 figure skating gold medalist, has been watching Lipnitskaya closely.
"She's beyond her years. Like, you look at her and she qualified [to be age-eligible] for the Olympics by days," he says.
Originally published on Wed February 19, 2014 7:09 pm
The oldest private art museum in Washington is poised to be taken over by the National Gallery of Art, according to a plan to disperse much of the museum's holdings and turn its art college over to George Washington University. The plan was publicly unveiled Wednesday.
The top American women's bobsled teams took silver and bronze in Sochi Wednesday, but the story of the day was Lauryn Williams, who became just the second American in history to win medals at both Summer and Winter Olympics. She's the fifth person to have accomplished the feat.
Williams won a silver medal to match the silver she won in the 100 meters 10 years ago at the Athens Games. She also owns an Olympic gold medal, from being part of the U.S. women's 4x100 meter relay team in London two summers ago.