Thursday, August 23, 2012
Updating April 2012 Observations - Facebook and Instagram
In my April 2012 Observations, "What A Difference Seven Years Makes", I covered the (then) recently announced Facebook acquisition of Instagram, characterized then (though Facebook was still pre-IPO) as a One Billion Dollar Deal! In case you were off with the Curiousity on its way to Mars, or somewhere else equally off the grid, Facebook has had their IPO, and now with a stock price currently barely half of its $38 offering price. And most recently (yesterday), the FCC approved the acquisition. On SAI Business Insider, Owen Thomas has some great "new math" on the deal, including the fact the deal is now estimated at a $747 buy.