Facebook Eyes Whatsapp and 1 Hot Stock to Note
A report in TechCrunch says mobile messaging app Whatsapp maybe acquired by Facebook (NASDAQ:FB). A runaway success story, Whatsapp reportedly has 100 million daily active users across the world in over 100 countries on 750 cellular networks and is at home on all the major platforms such as iOS, Android, BlackBerry, Nokia and Windows. The app is ad-free, though it costs $0.99 on Apple’s (NASDAQ:AAPL) App Store where it is ranked the No. 2 paid app. The acquisition would make a good fit for Facebook given its current mobile priorities. But, there could be a twist in the tale with Yahoo (NASDAQ:YHOO) and Google (NASDAQ:GOOG) turning up as interested parties – Whatsapp cofounders Jan Koum and Brian Acton worked together at Yahoo and Whatsapp’s business development head, Neeraj Arora, previously worked at Google.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Troubled News Corporation (NASDAQ:NWS), seeking to insulate other parts of the media group from the fallout of the phone hacking scandal at the News of the World, is planning to split the company as early as December 31, according to the Daily Telegraph. News Corp had announced in June plans to separate the film and television divisions from the scandal hit newspaper and book publishing assets. Post restructuring, the publishing division will likely be headed by Robert Thomson, managing editor of the Wall Street Journal and editor-in-chief of Dow Jones, says the Daily Telegraph. Tom Mockridge, currently chief executive of the company’s UK newspaper division and also said to be in the running for the top slot, is leaving by the end of the month to “pursue outside opportunities.”
Don’t Miss: This Apple Executive is Cashing Out.