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The Instagram Deal: A Mark Zuckerberg Production - NYTimes.com - http://dealbook.nytimes.com/2012...
"Mr. Zuckerberg was blunt: Facebook wanted to buy Instagram. Over the next 48 hours, Facebook and Instagram hammered out the details for a $1 billion cash-and-stock deal, the social network’s largest acquisition to date, the people said. By the end of Sunday, the deal was done and announced the following day." - × × ×