Facebook buys out Instagram
Instagram version for Android was announced only recently. But this has already won popularity within a short period. Facebook today announced their decision to acquire Instagram. The deal is expected to worth over a billion dollar. This mobile-only photo sharing service has already amassed records with tens of millions of users who are using this service on iOS and also now on Android.
Facebook officials added that the current services will not be altered significantly. The company is looking forward to integrating this service with their social network.
This incredible deal value makes it clear about the potential Facebook is looking forward to leverage by this buy out. The application will be configured in such a way as to make possible for the Android users to sign up without any interruption. Facebook users are a little bit surprised with this move by the company. However this is great news to the world of social networking.