The Dream Within Pictures
Follow TheDreamWithinPictures on Twitter

Facebook’s Buyout of Instagram Finally Receives Government Green Light

Facebook agreed to buy Instagram for $ 1 billion back in April, but the deal has been in limbo over the past four months while the Federal Trade Commission gave the deal a long look-over. Both online companies got goods news today when the FTC announced that the investigation has been completed, and that the deal may “proceed as proposed.”

The “as proposed” part is something that Instagram would probably love to change if it could. As we wrote a couple days ago, the fact that so much of the price was offered as shares of stock, coupled with Facebook’s plummeting ticker symbol, means that the $ 1 billion deal is now only worth around $ 750 million.

Many of the 13 employees at Instagram will soon find themselves extraordinarily wealthy, but just not as wealthy as they would have been had they demanded a safer deal. You never know though… Facebook could still do a 180 and start acting more like Apple on the stock market. It just need to figure out how to make more money.

It’ll be interesting to see whether Instagram can do anything to help in that area, since it’s also trying to figure out how best turn all those eyeballs into dollars.

(via FTC via Engadget)


Image credit: Like Facebook Headquarters Thumb by Kevin Krejci

[via PetaPixel]

[via PetaPixel]

Visitors: 75

Leave a Reply

You must be logged in to post a comment.

comments-bottom

Featured Photos

A Rose… Posted by author icon The Dream Within Jan 16th, 2012 | no responses
Eclipse Posted by author icon The Dream Within Dec 9th, 2011 | no responses
”In a strange land” Exhibi... Posted by author icon Jean-Luc Dushime Sep 24th, 2011 | one response

Random Photos

Sunset Tower Posted by author icon The Dream Within Dec 25th, 2012 | Comments Off
Shutters 2 Posted by author icon The Dream Within Mar 24th, 2011 | no responses
The Man Posted by author icon The Dream Within Mar 19th, 2012 | no responses

Top Rated

Lovers #1 Posted by author icon The Dream Within
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, avg: 5.00 out of 5)
Loading...Loading...
A Rose… Posted by author icon The Dream Within
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, avg: 5.00 out of 5)
Loading...Loading...
Lovers #2 Posted by author icon The Dream Within
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...