Monday, September 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
EMC In Merger Talks With Other Companies: reports
HTC To Make Next Google Nexus tablet: report
MediaTek Unveils LinkIt Platform to Support Wearable and IoT Device Creation
Apple iPhone Sales Top 10 Million
VESA Puts DisplayPort Into New USB Type-C Connector
Corsair Unleashes Gaming RGB Keyboards, RGB Mice, and Headsets
Microsoft Pushes Back Xbox One Debut In China
New Oculus 'Crescent Bay' Headset Announced
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 06, 2012
Facebook Buys Instagram


Facebook has closed its purchase of Instagram, the popular photo-sharing app that it agreed to buy in May.

The deal was valued at $1 billion when the companies agreed to it in April. However, Facebook's stock price has lost half of its value since then, so the deal is worth about $737 million, $300 million of it in cash and the rest in stock.

"As we said from the beginning, we are committed to building and growing Instagram independently. Instagram will continue to serve its community, and we will help Instagram continue to grow by using Facebook's strong engineering team and infrastructure. We also can't wait to work with the talented Instagram team to improve the mobile experience," Facebook said in a statement.

Instagram has a fast-growing user base of iPhone and Android users who take photos and apply various filters to them to share.


Previous
Next
Microsoft User Experience Virtualization RC Now Available        All News        New VIA QuadCore Pico-ITX Board Supports 3D Displays
Microsoft User Experience Virtualization RC Now Available     General Computing News      AVG Unveils 2013 Product Range

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook To Listen Users' Feedback On Ad Serving
Law Student Files Class Action Against Facebook
Facebook to Shut Down Gifts Service
Facebook Profit Doubles
Facebook Save Lets You Read Stories Later
Facebook Tests 'Buy' Button
New Facebook App For Verified Public Figures Released
Sunday's World Cup Final Broke Social Media Records
EPIC Challenges Facebook's Manipulation of Users
Facebook to Acquire Video Ad Company LiveRail
UK Regulator Probes Facebook Over Experiment With User's Comments: report
Facebook Says It Cares About the Emotional Impact of The Social Network

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .