Sunday, September 9, 2012
Instagram acquisition process and Facebook finally finished
The buying process Instagram by Facebook finally finished. The final value of the instagram acquisition was EUR 735 million, and divided into 2 that’s it USD 300 million in cash and USD 435 million shares of class b. shaped as we know there has been a depreciation of the USD 1 billion to USD 735 million due to a decline in stocks since last April. It looks like Kevin Systrom (Instagram boss) prefer to get shares of Facebook, which is clearly mathematically more profitable future and now the rumor class B shares owned by Facebook's "strength" better than shares of class A.
Facebook officially stated Facebook can't wait to work with the Instagram team; we are committed to build Instagram independently. We will help develop Instagram with a solid technique and infrastructure from Facebook, We will also learn a lot from Instagram team to develop the capabilities of our mobile services.
Instagram team also stated that, they are very interested in working together with Facebook and promised to make the Instagram service better.