The purchase of Instagram by Facebook for $1 billion led to all sort of speculations with analysts evaluating the gains that Facebook hopes to make with it. Many were surprised to see the sell-out by Instagram founders, whereas few were calculating the fortunes made by them.
There was also a section of bloggers who were contesting the reason for failure of Google and others in grabbing Instagram. Now, a new report has popped up which says that Zuckerberg driven Facebook group close the deal with founders of Instagram in two days.
The purchasing of a company requires approval from all sections. However in case of Facebook, Zuckerberg has Class B shares equates to over 57 percent control of the company. If he agrees, most of the things will see reality in the company.
