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Image of Instagram + Facebook: Facebook acquires the Instagram company for $1 billion

I Instagram + Facebook: Facebook acquires the Instagram company for $1 billion

Facebook acquires the Instagram company for reported $1 billion.

Facebook founder Mark Zuckerberg confirmed the purchase of Instagram the developer of the successful photo-sharing app for Android and iOS mobile devices via a Facebook post, 09.03.2012.

Citation: Mark Zuckerberg: "I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook."

Source: Facebook: https://www.facebook.com/zuck/posts/10100318398827991

Citation: Instagram: "Today, we couldn’t be happier to announce that Instagram has agreed to be acquired by Facebook."

Source: Instagram blog, 09.04.2012: Instagram + Facebook: http://blog.instagram.com/post/20785013897/instagram-facebook

Source: The guardian: http://www.guardian.co.uk/technology/2012/apr/09/facebook-buys-instagram-mark-zuckerberg
 

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