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[Reuters] Facebook to acquire Instagram for $1 billion #57483 04/09/12 10:24 AM
Joined: Jan 2007 Posts: 41,392 U UGN Security OP News Aggregator
OP UGN Security News Aggregator U Joined: Jan 2007 Posts: 41,392	SAN FRANCISCO (Reuters) - Facebook said on Monday that it would pay $1 billion in cash and stock for photo-sharing application Instagram, in a deal expected to close later this quarter. Source

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