You may have thought it had already happened, but today Facebook has finally purchased Instagram. The proposed $1 billion buyout was announced back in April, but the FTC just recently closed its investigation and gave Facebook the go-ahead to make the purchase.
Due to Facebook’s stock decline, the deal’s value is now estimated to be around $750 million instead of the original $1 billion. Facebook today reaffirms its promise to keep Instagram’s 80 million+ users happy by allowing the app to run independently.