Strategic factors are often more important than purely financial ones.
The technology world is abuzz over Facebook's $1 billion deal to acquire the photo-sharing app Instagram. Two years ago Instagram didn't exist. Some reasons behind the company's meteoric rise: apps are everywhere and Instragram took advantage of the moment with a playful, easy-to-use service. Now Instagram's fans wonder whether its identity will be retained.
Six other businesses that were acquired for millions before they ever made much, if any, money.
The numbers are in for Facebook Inc.'s acquisition of mobile-messaging application WhatsApp Inc.: The social network paid $22 billion for a startup that generated $10.2 million in revenue last year. In a regulatory filing yesterday, Facebook disclosed WhatsApp's financial results for 2012 and 2013.
Following the Consultation Conclusions on the New Board Concept Paper published in December 2017 (the “December Conclusions”), on February 23, 2018, the Hong Kong Stock Exchange (HKEx) announced a new round of consultations in relation to the proposed amendments to the Main Board Listing Rules (the “Listing Rules”), including, among others, the introduction of a new chapter in respect of listing of pre-revenue biotech companies.