Facebook's $1B Instagram Buy To Net Trendy Photo Tech

By Liz Hoffman (April 9, 2012, 5:34 PM EDT) -- Facebook Inc. said Monday it would pay about $1 billion in cash and stock for the trendy photo-sharing application Instagram, using its biggest purchase yet to snap up key mobile technology, stay ahead of upstart rival Pinterest and convince investors it's worth the $100 billion initial public offering it's aiming for....

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