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October 24, 2012

Facebook Ended Up Paying Less Than $750 Million For Instagram

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InstagramMark Zuckerberg and company originally agreed to pay $1 billion for social photo sharing company Instagram but ended up paying far less.

Purchased in April the social world was abuzz with news that Zuckerberg purchased the company without first talking to his board of directors.

In a quarterly investment report that was filed on Wednesdaywith the Securities and Exchange Commission Facebook added 11 million shares to its total. Those new shares are valued at $194 million and were given to Instagram employees at the close of the September deal. read more

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