Facebook has just finished a deal to acquire mobile photo sharing app Instagram?for approximately?$1 billion in cash and stock. Instagram will remain a standalone app from Facebook, but the services will have increasing ties to each other. The transaction should go through this quarter pending some standard closing procedures Last year, documents for a standalone Facebook mobile photo sharing app were attained by TechCrunch. Now it seems Facebook would rather buy Instagram which comes with a built-in community of?photographers?and photo lovers, while?simultaneously squashing a threat to its dominance in photo sharing.google goggles one tree hill projectglass keith olbermann stock act new york auto show khalid sheikh mohammed
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