Facebook Pays $521M For Instagram

WebProNews, Thursday, October 25, 2012 12:06 PM
  • Comment
  • Recommend
Subscribe to Around the Net In Online Marketing

Tags

It was widely believed that Facebook paid $1 billion for photo-sharing site Instagram. But, we now know that’s not true. According a 10-Q quarterly report filed with the SEC this week, Facebook paid a total purchase price of $521 million worth of about 12 million vested shares of our Class B common stock and $300 million in cash. “Based on the time the shares were issued, it comes to about $715 million,” WebProNews reports.
 

Read the whole story at WebProNews »

Be the first to comment on "Facebook Pays $521M For Instagram"

Leave a Comment

Sign in to leave a comment. Don't have an account? Join Now

Recent Around the Net In Online Marketing Articles

>> Around the Net In Online Marketing Archives