Say Cheese! Google (GOOG) Snaps Up Instagram Rival Nik Software (SFLY) (FB)
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Shutterfly (SFLY) Acquires Mobile App Developer Penguin Digital
September 17, 2012 9:24 AM EDTShutterfly, Inc. (Nasdaq: SFLY) has acquired Penguin Digital, Inc., a mobile application developer that provides consumers with a fun and easy way to create, share and purchase photo merchandise directly from their mobile devices.
Penguin Digital launched an iPhone app in January 2012 called Mobile Photo Factory or MoPho for short... More
Facebook (FB) Acquires Instagram for $1 Billion
April 9, 2012 1:10 PM EDTFacebook (Nasdaq: FB) announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.
The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.
Mark Zuckerberg, founder and CEO of Facebook, posted about the transaction on his Timeline:
I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook.
... More
