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dennisgorelik
on Aug 22, 2012
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FTC Approves Instagram Acquisition
FB market cap is $41.65B, so 1% is $417M.
$300M cash + $417M stock = $717M total.
That's $283M short of $1B number familiar to the public.
ChuckMcM
on Aug 23, 2012
[–]
2140M shares outstanding 23M shares in the deal 23/2140 is 1.0747% (at least according to bc(1))
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$300M cash + $417M stock = $717M total.
That's $283M short of $1B number familiar to the public.