Thursday, August 23, 2012

FTC Approves Facebook?s Acquisition Of Instagram, Final Price Is $747 Million

facestagram-logoMore than four months after the deal was announced, the Federal Trade Commission has closed its investigation of Facebook's acquisition of Instagram and the deal may proceed. The final price will be $300 million in cash plus $447 million in stock. The commission unanimously agreed to close the investigation with a 5-0 vote.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/_P5yedidxTY/

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