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Facebook buying Instagram for $1BFacebook says it will spend $1 billion to buy the photo-sharing software company Instagram
MENLO PARK, Calif. (AP) ' Facebook says it will spend $1 billion to buy the photo-sharing software company Instagram.
The deal comes days after the service began offering a version for Android phones. The payment will be in cash and Facebook stock. Facebook is expected to complete its initial public offering of stock next month.
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