Thursday, August 23, 2012

Facebook has already authorization to buy Instagram

Idea is to boost presence in mobile services, to compete with Google.
 
Facebook has already authorization from U.S. regulator the Federal Trade Commission to buy Instagram, a popular photo-sharing service through mobile phones.
 
The social network, which is under scrutiny in its performance in the mobile sector, will acquire Instagram to boost presence in mobile services, where you need to capture the attention of more users and increase advertising. One way to compete seriously with rival Google.
 
Earlier this year, Facebook had responsible stated that sales were lower than expected, given the rise in the number of users, with a substantial part using mobile devices like tablet or mobile phone to access the social network, note the Lusa.
 
In April, Facebook made ​​an offer to purchase the Instagram 300 million dollars (238 million euros at current exchange rates) in cash plus 23 million shares, a proposal valued at 750 million dollars (597 million euros), based on the closing value of the shares of social networking on Wednesday, according to Bloomberg.
 
The Instagram is a photo application on popular smart phones such as Apple, which lets users take quick snapshots, modify and share with your friends.
 
In July, Facebook said it hoped to stay the operation completed later this year.
 

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