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Whoa! Facebook set to buy Instagram for a billion dollars
This caught us by surprise
by Neps Firmalan | Apr 10, 2012
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Looks like Instagram is all over the news these days. Just last week, it was announced that the popular photo-sharing app has shed its iOS-only skin, becoming available for Android fans as well (much to the disgust of several Apple patrons). Now, Facebook has entered the picture with its head honcho Mark Zuckerberg saying that its giant social-networking site is all set to gobble up Instagram.

Mark Zuckerberg confirmed the buzz via his blog and he also assured that users not need worry about Instagram's integration with other SNS since it won't be affected. Here's an excerpt from Facebook's press release:

"We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook."

Instagram's CEO Kevin Systrom also announced the acquisition via their website's blog saying that the app will still be "same one you know and love." This means that, at least for now, there will be no core changes to the app because of the deal. However. we believe that Mark Zuckerberg is cooking up something with the deal, possibly a few significant changes and improvements to Facebook's photo/gallery feature.

What they are we still don't know but it won't take long for us to see once all the legal and regulatory requirements have been fulfilled. Oh, before we forget, the money involved is reportedly 1 billion freakin' dollars, making it the largest Facebook acquisition to date. That alone is enough for us to see that Mark Zuckerberg and co. has big plans for this one.

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On a related note, check out the gallery below for the top 10 biggest Google deals ever

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