We reported yesterday that a recent hefty $1 billion Facebook newly acquired Instagram deal where “surprising” is that the social giant’s Mark Zuckerberg kept board out of negotiations. The negotiation period was a mere weekend at Mark Zuckerberg’s house, where he and Kevin Systrom. The Wall Street Journal reported that Zuckerberg informed Facebook’s board of directors that he intended to spend $1 billion on Instagram on Sunday morning, April 8th, approximately 24 hours before the takeover became official. Now, the New York Times putting up the numbers that states how the total deal was: 30% cash, 70% stock and Stock valued at ‘north’ of $75 billion – that puts Facebook’s stock at around $30 a share.
(Image Source: Main, Featured Image)
