[TTJDeals] The Ultra-Premium Mac Bundle

Your take on Getting a SmartWatch?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

Many of us have been quite surprised at the sudden acquisition of Instagram by Facebook. The surprise came from the fact that Kevin Systrom, Instagram’s CEO, had cited in the past that he planned to keep Instagram independent. However, a Wall Street Journal report now suggests that all it took for things to finalize between the companies was a weekend together by the CEOs of both companies at Zuckerberg’s house.


Interestingly, Zuckerberg chose to keep Facebook board off the negotiations and dealt with Systron on its own. From the looks of it, it seems that the acquisition of Instagram was immensely important to Mark Zuckerberg. Keeping it secret from rest of the board was probably so that nothing leaks out until things are final.

Roughly a day before Facebook officially announced the acquisition of Facebook, Zuckerberg told the board of directors that he has plans of spending a whooping $1  billion on the acquisition. There was a voting at the board to allow that to happen, although it is being said that this was merely symbolic and Zuckerberg had made the decision anyway.

One person that did knew well before time was Facebook’s COO, Sheryl Sandberg, who was pre-handedly that Zukcerberg plans to aggressively pursue the acquisition of Instagram. The meetings with Systrom, however, didn’t involve Sandberg. Rather, besides Zuckerberg, Amin Zoufonoun who is Facebook’s Director of Corporate Development, was present during the meeting to assist the two.

Eventually, although the decision had the weight of the entire board of directors of Facebook behind it, it was ultimately the aggressive pursuit of Mark Zuckerberg that led to such a speedy acquisition of the photo-sharing service.

Buy Cheapest Related Product From Amazon.com


Apple May Use Liquid Metal In The Next iPhone

Facebook Values Itself At $75 Billion
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On April 19, 2012(2 years, 11 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

Not sure if you are aware that your Wi-Fi Router Or Modem could be hacked too. Here we found a quick tips, how to check if your Router or Modem is hacked.
Our today’s tutorial is about how to change Font on Android.
Here is the tutorial about how to setup MMS on Android device.
In this tutorial I will show you how to enable Instant Upload inside your Google+ app on Android, so that you can sync your photos and videos with Google+ instantly.
Here is another tutorial for the Android lovers. I will show you how to change keyboard on Android.
Here is our new android tutorial on how to change the default launcher on Android.
Here is the tutorial about how to setup Internet settings on Android device.
Today, We are going to show you a tutorial on how to disable Geotagging on Android.
here is our new Android tutorial on how to change default music player on android
The tutorial will help you to add multiple Google Account on your Android device.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook