Facebook deals may add a week to IPO timing

  • Technology Premium
  • Wednesday, 25 Apr 2012

SAN FRANCISCO: A recent acquisition spurt by Facebook Inc may add about a week to the social network’s journey to public markets, a source with knowledge of the situation said.

Facebook recently agreed to buy photo-sharing startup Instagram for about US$1bil (RM3bil) and on Monday the company said it would pay US$550mil (RM1.65bil) for hundreds of patents from Microsoft Corp.

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