Facebook spent $715M on Instagram, $87M on other acquisitions this year
Facebook spent $87 million so far this year on business acquisitions not including its Instagram purchase, the company revealed in a filing with the Securities and Exchange Commission today.
Facebook spent $521 million on Instagram — $300 million of which was in cash, the rest in vested shares of Class B common stock. Facebook additionally issued 11 million unvested shares to employee stockholders of Instagram, with a value of about $194 million to be recognized as they vest over three years.
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