Facebook buying Instagram for $1B

Question of the Day

Should Congress make English the official language of the U.S.?

View results

MENLO PARK, CALIF. (AP) - Facebook says it will spend $1 billion to buy the photo-sharing software company Instagram.

The deal comes days after the service began offering a version for Android phones. The payment will be in cash and Facebook stock. Facebook is expected to complete its initial public offering of stock next month.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
TWT Video Picks