Facebook Acquires Instagram for $1,000,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=10be33c1-dc1e-4f42-8276-c3a946666380&Preview=1 -
Date
4/9/2012 -
Company Name
Instagram -
Mailing Address
Undisclosed San Francisco, CA 94100 -
Company Description
Snap a photo with your iPhone, choose a filter to transform the look and feel, send to Facebook, Twitter or Flickr – it’s all as easy as pie. It’s photo sharing, reinvented. -
Website
http://www.instagr.am -
Transaction Type
M&A -
Transaction Amount
$1,000,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook.
