With FTC approved Facebook / Instagram deal late last August, the two companies or Instagram now fully acquired under Facebook umbrella announced that their deal has closed, talking Instagram’s all 16 employees are now officially moving to Facebook’s headquarters in Menlo Park. Along with the announcement, Instagram also announced that it has surpassed the 5 billion photo milestone. The Instagram deal is valued at $300 million in cash and 22,999,412 shares of Facebook common stock. As with time the social giant stock fluctuates, the final value of the deal stands at $735 million (instead of its real value, the $1 billion): $300 million in cash and $435 million in Class B shares.
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