In a surprise move, Facebook announced it had agreed to acquire photo sharing app Instagram for $1 billion. The company acquired all 13 of Instagram's employees, and came right after Instagram launched a hugely popular Android app, and raised a new round of funding. Though Mark Zuckerberg promised Instagram will continue to be developed as a separate application, the announcement set off something of a backlash.
Dec 17, 2012, 12:47 AM UTCSam Byford
Instagram agreed to sell to Twitter for $525 million before choosing Facebook, says NYT
Oct 25, 2012, 3:11 AM UTCJeff Blagdon
Facebook's 'billion dollar' Instagram acquisition to actually cost $715 million
Sep 6, 2012, 3:26 PM UTCNathan Ingraham
Facebook's Instagram purchase finally complete, over 5 billion photos shared to date
It's been a long time coming, but Facebook's purchase of Instagram is finally a done deal — both companies just announced the finalized partnership on their respective blogs.
Aug 29, 2012, 7:59 PM UTCNathan Ingraham
Facebook's stock transfer to Instagram cleared by the state of California
Despite the fact that the FCC approved Facebook's purchase of Instagram last week, the state of California had one more final hearing on the matter — a "fairness hearing" meant to approve the transfer of Facebook stock as part of the whole deal. The hearing took place today, and the Wall Street Journal reports that California's Department of Corporations found that the deal was "fair, just, and equitable," paving the way for the sale to finally be complete.
Aug 22, 2012, 9:54 PM UTCNathan Ingraham
FTC closes Facebook / Instagram investigation, deal may 'proceed as proposed'
Facebook's proposed $1 billion purchase of Instagram has been cleared by the FTC, paving the way for the deal to close nearly five months after the initial announcement.
Aug 14, 2012, 12:37 PM UTCAaron Souppouris
Facebook's purchase of Instagram cleared by UK watchdog
The UK's Office of Fair Trading (OFT) has stopped investigating Facebook's $1 billion purchase of Instagram.
May 10, 2012, 8:30 PM UTCAdi Robertson
FTC investigating Facebook / Instagram deal, says Financial Times
The Financial Times reports that the US Federal Trade Commission has launched an investigation of Facebook's Instagram acquisition. It's not expected to reject the deal, but a probe may delay it by several months.
Apr 23, 2012, 7:31 PM UTCChris Ziegler
Facebook reports Q1 earnings: over 900m active users, Instagram cost $300m plus 23 million shares
Facebook has reported earnings for the first quarter of 2012, revealing that it has now hit 900 million monthly active users.
Apr 18, 2012, 10:01 AM UTCVlad Savov
Mark Zuckerberg kept Facebook board out of Instagram negotiations, claims WSJ
How do billion-dollar deals get made in Silicon Valley? In the case of Facebook's acquisition of Instagram, the negotiation period was a mere weekend at Mark Zuckerberg's house, where the two founder-CEOs thrashed out the valuation of the photo-sharing mobile application.
Apr 14, 2012, 7:34 PM UTCAdi Robertson
Twitter wanted to buy Instagram before Facebook's purchase, says NYT
The New York Times profiles Instagram, the photo-sharing service recently purchased by Facebook.
Apr 12, 2012, 10:58 PM UTCDante D'Orazio
Facebook-Instagram deal took Zuckerberg two days to complete
According to The New York Times' anonymous "people with knowledge of the matter," CEO Mark Zuckerberg was at the forefront of the entire acquisition, unlike previous (and smaller) transactions. Apparently it all came together over a matter of two days — Zuckerberg called Instagram CEO Kevin Systrom last Friday and said he wanted to buy the photo sharing service, and by Sunday all of the details were worked out.
Apr 11, 2012, 3:47 PM UTCT.C. Sottek
Product teams and company towns: how Facebook and Instagram cash in on the labor of the people
Instagram's buyout has prompted the usual internet backlash that occurs whenever Facebook touches something, but do we really know what's happening or why? That's the question that Paul Ford and Matt Webb attempt to answer, in their separate but equally thought provoking deconstructions of the acquisition and what it means for the web and for users.
Apr 11, 2012, 6:33 AM UTCVlad Savov
Instagram top of iOS App Store for the first time after Facebook acquisition
You'd think Instagram, with its massive popularity and perfect price tag, would've been top of the Apple charts at least once already, but according to the company, it's only done it for the first time tonight.
Apr 9, 2012, 5:06 PM UTCThomas Houston
Facebook to buy Instagram for $1 billion
Mark Zuckerberg today announced that Facebook has agreed to acquire Instagram for $1 billion.
