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Instagram Value Could Soar After Facebook IPO

Instagram‘s volatile value will take another turn on Friday as Facebook goes public. When Facebook agreed to acquire the photo-sharing service in April, it did so at a $1 billion valuation. Under the terms of the deal, Facebook will pay Instagram $300 million in cash in addition to 23 million shares. Facebook has set its opening share price at $38, higher than initially expected. At that share price, the total purchase price of Instagram would actually be worth $1.17 million — a 17% increase in the value of the...

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Published By: Mashable - Friday, 18 May, 2012

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