Facebook on Tuesday (10/4) announce, has reached an agreement to acquire Instagram. Facebook applications are described as "a popular photo-sharing application for the fun car" was purchased for one billion dollars in cash and stock."For years, we have focused on building the best possible experience to share photos with friends and family," founder and head of Facebook, Mark Zuckerberg said in the announcement of the deal.
"Now, we will be able to work more closely with the team Instagram to also offer the best possible experience to share beautiful photos with the mobile phone based on your wishes."
Zuckerberg calls this acquisition as "an important milestone for Facebook." In addition to already have so many users, Instagram, he said, the best photo sharing experience, as is done up for this.
Facebook in February to bid the stock and raise as much as 10 billion U.S. dollars in the biggest flotation ever undertaken by an internet company in Wall Street.
Facebook has more than 845 million users, including 483 million who "log in" every day. The value of Facebook itself is estimated at between 75 billion dollars to 100 billion U.S. dollars.
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