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Facebook in April offered $300 million in cash and 23 million shares of common stock for Instagram, making the deal was worth $1 billion at the time. After Facebook went public in May, however, the stock has dropped in value from about $30 per share to $19 per share, reducing the value of the transaction to $730 million. ? Five months after it announced the acquisition of photo-sharing application provider Instagram for $1 billion, Facebook closed the deal Sept. 6 for $730 million.
Facebook in April offered $300 million in cash and 23 million shares of common stock for Instagram, making the deal was worth $1 billion ?
Source: http://www.ictmag.info/politics/facebook-closes-devalued-instagram-acquisition/
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