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In October 2014, Facebook, Inc. acquired 100 percent of the common stock of WhatsApp, Inc....

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Accounting

In October 2014, Facebook, Inc. acquired 100 percent of the common stock of WhatsApp, Inc. by paying $4,473 million of cash and issuing Facebook common stock with a fair value of $12,720 million. On the acquisition date, the total fair value assigned to tangible and intangible assets acquired (excluding goodwill) was $2,783 million, while the total fair value assigned to liabilities assumed was $932 million. What is the value of goodwill recognized in Facebooks consolidated financial statements as a result of the WhatsApp acquisition?

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