acquisition of WhatsApp Inc., with a $2 billion breakup fee, will likely avoid a U.S. antitrust challenge due to the "dynamic market for mobile applications." In a recent statement, Facebook announced that they agreed to pay $1 billion in cash and $1 billion in the company stock "in the event of termination of the merger agreement under certain circumstances principally related to a failure to obtain required regulatory approvals." The Justice Department and the Federal Trade Commission will review whether the Facebook and WhatsApp merger is anti-competitive and determine if Facebook is abusing their power. In the report, Bloomberg cited Seth Bloom, founder of Bloom Strategic Counsel in Washington and a former general counsel of the U.S. Senate Antitrust Subcommittee. Bloom commented, "Antitrust regulators will study the extent of competition between WhatsApp's service and Facebook's own application, Facebook Messenger, and whether the deal would give Facebook undue control of the messaging market."