Tuesday, April 10, 2012

Facebook to buy Instagram

Facebook to buy Instagram

How's this for some big news on an otherwise slow Monday. Facebook CEO Mark Zuckerberg has let slip that his company plans to buy popular photo-sharing app Instagram (pending all of the standard regulatory approvals, naturally). According to a report from All Things D's Kara Swisher, Facebook will pick up the social app, which got its own long-awaited Android version, for a cool $1 billion in cash and shares. Ole Zuck confirmed the news on his personal blog, adding that the deal won't affect Instagram's integration with competing social networks:.

2DayBlog.com, Facebook to buy Instagram