If a new report is to be believed, Facebook will launch its long awaited mobile ad network later this month. Re/Code cites multiple sources familiar with the matter claiming that the social networking giant will launch this ad network at the F8 developer conference in San Francisco.
Facebook is buying WhatsAppÂ messaging service for $16 billion, according to a Form 8K filed with the SEC and subsequent announcements by both Facebook and WhatsApp. Facebook will pay $4 billion in cash and $12 billion in Facebook stock for the messaging company. AnÂ additional $3 billion in restricted stock units will be granted to WhatsAppâ€™s founders and employees. These shares will vest over four years after the close of the deal.Â