/// Face-tagram Revisited: Twitter Reportedly Offered $525M to Buy Instagram Prior to Facebook Sale
How much could have Instagram really sold for? That’s the burning question after a report in the New York Times questioned whether there was a fair bidding process for the popular photo-sharing app when Facebook purchased it for $1 billion. Nick Bilton reported today that Instagram executives received a $525 million buy-out offer from Twitter, despite Instagram co-founder Kevin Systrom testifying that the company “never received any offers,” before Facebook. The Federal Trade Commission closed its investigation in August without taking any action.
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