Prior to its $19 billion sale to Facebook Inc. (NASDAQ:FB), WhatsApp had just one business-development employee, one marketing executive, one human-resources head and one publicist. Arora’s deal-making background and deep knowledge of WhatsApp’s business made him invaluable during the past week’s negotiations. Koum and Facebook CEO Mark Zuckerberg agreed in principle on the deal on Feb. 14. Then Arora holed up in the Mountain View, Calif., office of law firm Fenwick & West for four days, hashing out the terms of the acquisition across the table from Amin Zoufonoun, a Facebook M&A executive who once worked alongside Arora at Google. Facebook Inc. (NASDAQ:FB) stock decreased -1.49% and finished the last session at $68.59. The EPS of the stock remained 0.66. Company’s market capitalization is $174.70 billion.
Twitter Inc (NYSE:TWTR) has recently renamed its Ads API Program that it unveiled a year ago. The rebranded platform is now called Twitter Marketing Platform Program. Moreover, a new website called “The Twitter Partner Marketplace” has also been launched. Twitter Inc (NYSE:TWTR) shares closed at $55.92 on last trade day, by losing -1.25%. Stock 52 week range is $38.80 – $74.73. Company’s market capitalization is $30.46 billion.
TheStreet Ratings team rates MeetMe Inc (NYSEMKT:MEET)as a “sell” with a ratings score of D. MeetMe Inc (NYSEMKT:MEET) stock opened at $2.65 in last trading session and closed at $2.56. The 52 week range of the stock is $1.07 – $2.92 and the day range was $2.55 – $2.67.
ClubLocal, the easiest way to book and buy household services, announced that it completed a $10.7M round of funding led by Groupon Inc (NASDAQ:GRPN), a group of individual investors, and two of the original founders of ReachLocal, Inc. The financing consists of an initial $7.5M investment with an option for Groupon to contribute an additional $3.2M within the next twelve months. The financing transaction is part of the transfer of the ClubLocal business by ReachLocal to a new entity in exchange for a minority interest following the conclusion of the go-shop period ReachLocal announced in December of last year. Groupon Inc (NASDAQ:GRPN) stock opened at $8.96 in last trading session, and closed at $8.03, trading in the range of $8.00 – $8.97. The stock showed a negative weekly performance of -25.37%.
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