Videos

Goldman Sachs Misses Out On WhatsApp, 2014's Top Deals So Far

wochit business
|
February 20, 2014 AT 11:27 AM
WhatsApp? Not Goldman Sachs. The world's top deal adviser for nine of the past 10 years, Goldman Sachs, has been notably absent from 2014's largest mergers and acquisitions, including Facebook's $19 billion deal to purchase mobile messaging service WhatsApp. Normally the go-to-banker for big deals, Goldman has missed out on the top five transactions in the young year, according to Thomson Reuters data. Facebook relied on boutique investment firm Allen & Co to help with its offer to buy startup WhatsApp, which in turn chose Morgan Stanley.