Facebook buying Instagram?

It’s all over the news…

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Instagram reportedly closed a $50m (£31m) funding round last week from investors including Sequoia Capital that valued the company at $500m (£314m), according to technology blog AllThingsD.com.

Facebook, which is expected to launch a $5bn (about £3bn) initial public offering in May, will acquire Instagram’s entire team.

You can read more here

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