Tuesday, April 10, 2012

Facebook Buys Instagram

  • In Facebooks billion-dollar buy of photo-sharing app Instagram, Wall Street is nowhere to be found. Lawyers involved in the deal told The Huffington Post that no Wall Street firms advised Facebook or Instagram on the sale.
  • (Huffington Post)
  • Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public.
  • (msnbc.com)
  • The $1 billion price tag on Facebooks deal to buy photo-sharing application Instagram may put it in hot water with antitrust regulators.
  • (CNBC)
  • Facebook took steps Monday to bolster its mobile strategy, acquiring popular photo-sharing application Instagram for about $1 billion in cash and stock.
  • (San Francisco Gate)
  • Evidence of that came Monday, when Facebook announced plans to buy Instagram, a startup co-founded in 2010 by Kevin Systrom, a Stanford University graduate and former Google employee.
  • (nola.com)
  • A couple of people have asked me about Twitter. If Instagram could be bought for (oh, for God's sake) a billion dollars, why wouldn't Facebook or Google buy Twitter? I don't think that would make sense for any of these three companies.
  • (Chicago Sun-Times)
  • NEW YORK -- Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social networks largest acquisition ever. On the surface, thats a huge sum for a tiny startup that has a handful of employees and no way to make money.
  • (Cape Cod Times)
  • Facebook just bought Instagram for $1 billion in cash and stock. Instagram is a mobile-only photo-sharing app.  It grew from 1 million users in January 2011 to 15 million in December 2011. It has 30 million users now.
  • (Yahoo Finance)
  • Today: Facebook agrees to buy photo-sharing app Instagram for $1 billion in move reminiscent of Googles (GOOG) purchase of YouTube.
  • (San Jose Mercury News)
  • Just as Instagram looked to expand its ambitions as a mobile photo sharing network, it has been bought by Facebook for $1bn.
  • (Digital Photography Review)

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