Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 20 August 2012 09:01

Facebook's Instagram deal was good after all

Written by Nick Farrell


Only because Facebook is just rubbish

When the Instagram-Facebook deal was announced, analysts said that the company was overpriced. Facebook CEO Mark Zuckerburg bought Instagram in a deal which was worth a billion dollars. 

The deal was valued at $1.17 billion which was based on $300 million in cash, plus 22,999,412 shares of Facebook stock at $38 a piece. The only problem is that the value of the deal has been falling ever since Facebook shares started tanking. Facebook closed on Friday at $19.05 and that means that Zuckerburg picked up Instagram for just $738.1 million.

It is possible that Instagram might just pay Facebook $200 million and walk away from the deal, particularly as Facebook shares are expected to go much lower.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments