Tech Stock News: Facebook to Acquire Instagram

New York, NY - April 9, 2012 - www.InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks reports on Facebook�s recent acquisition of Instagram. Facebook is expected to go public on the NASDAQ in May as the most high profile social media stock to date.

News:

Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.

The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.

Instagram team and to all of the great new experiences we're going to be able to build together.

About Facebook

Founded in 2004, Facebook's mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them.

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