Deadline for Closing of Facebook's WhatsApp Acquisition Pushed Back by One Year

Facebook announced in its Form 10-Q filing with the Securities and Exchange Commission last week that it was extending its deadline to close its acquisition of messaging service WhatsApp by one year, to Aug. 19, 2015.

The original deadline was Aug. 19, 2014, and if the transaction is not finalized by Aug. 19, 2015, Facebook must pay a $1 billion termination fee to WhatsApp and issue the company the equivalent of $1 billion worth of class-A shares of Facebook common stock.

The

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