Facebook and Instagram officials did not want to talk about the reasons Instagram acquisition by the public dealt a warm up. The acquisition of a billion dollars in cash and stock. But there was a rumor that the actual CEO Instagram, Kevin Systrom wants to double that price. report quoted by
The Wall Street Journal says Systrom actually wanted the price of 2 Billion Dollars.
Negotiating mostly on his own, Mr. Mr Zuckerberg had fielded. Systrom's opening number, $ 2 billion, and whittled it down over Several meetings at Mr. Zuckerberg's $ 7 million five-bedroom home in Palo Alto. Later That Sunday, the two 20-somethings would agree on a sale valued at $ 1 billion.
But Zukerberg 'push' Systrom with the argument that the value of Facebook is only about 102.8 billion dollars. Discussions held tough but very short, only a few days.
And on April 9, Zuckerberg announced the acquisition on his Facebook account and agreed price of one billion dollars.
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Facebook and Instagram officials did not want to talk about the reasons Instagram acquisition by the public dealt a warm up. The acquisition of a billion dollars in cash and stock. But there was a rumor that the actual CEO Instagram, Kevin Systrom wants to double that price. report quoted by The Wall Street Journal says Systrom actually wanted the price of 2 Billion Dollars.
