Twitter offered Instagram $525 million deal: report

SAN FRANCISCO |
Sun Dec 16, 2012 6:06pm EST

SAN FRANCISCO Dec 16 (Reuters) – Weeks before he supposed a
$1 billion offer from Facebook Inc, Instagram CEO Kevin
Systrom had verbally concluded to sell his photo-sharing association to
Twitter Inc for $525 million in Mar – though afterwards called off the
deal, according to a New York Times news citing unnamed
sources.

Facebook CEO Mark Zuckerberg eventually acquired Instagram
after pulling by a cash-and-stock understanding only weeks before
Facebook’s May initial open offering. The transaction closed
in Sep at

Read full article: http://www.theaustralian.com.au/news/world/lanza-may-have-planned-to-kill-more-investigators-find/story-e6frg6so-1226538067991

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Source:
http://www.ezonearticle.com/2012/12/16/twitter-offered-instagram-525-million-deal-report/