Instagram Deal Unlikely to Alter Facebook IPO Timing
General Assignment Reporter
The social behemoth is expected to close its $1 billion acquisition of the San Francisco-based Instagram in 30 days, according to a source familiar with the deal.
That would put the completion of the takeover well before the finalization of Facebook's expected IPO. Facebook currently is expected to go public in mid- to late-May, according to people familiar with the matter.