Facebook to buy Instagram for $1 billion

As the market eagerly awaits Facebook's initial public offering, the social network is busy building its empire by buying Instagram, reportedly for $1 billion. That's $1 billion, with a B.

Source: http://pheedo.msnbc.msn.com/click.phdo?i=2dc62bf8519d2c0c3e8d9435de66eff4

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