An Interest In:
Web News this Week
- April 15, 2024
- April 14, 2024
- April 13, 2024
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
October 25, 2012 05:09 am GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/D8LRJVRjb0s/
Facebooks Final Price Tag for Instagram Falls Far Under $1 Billion
Facebook is paying well under the $1 billion price tag originally agreed upon for Instagram back when it acquired the mobile photo sharing app in April.
The final price tag -- $715 million -- was revealed in a quarterly investment report, filed Wednesday. According to the filing with the Securities and Exchange Commission, Facebook added 11 million shares -- valued at $194 million -- for Instagram employees at the close of the deal in September. The deal already included $521 million, consisting of $300 million in cash and 12 million shares of stock for non-employee stockholders.
SEE ALSO: Facegram FTW! How Facebook Could Actually Improve Instagram
Facebook's overall performanc…
Continue reading...
Original Link: http://feeds.mashable.com/~r/Mashable/~3/D8LRJVRjb0s/
Share this article:
Tweet
View Full Article
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable