Android

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Mark Zuckerberg, Facebook’s founder and CEO, announced with a post on his own social network he bought Instagram, a mobile photo-sharing application. The price is a billion dollars, partly in cash and partly in stock.

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Yesterday Google announced the acquisition of Motorola Mobility for $40 a share which gives a total of $12.5 billion which represents a premium of 63% over the closing price on August 12. The deal includes Motorola Mobility’s 17,000 patents.