Facebook's final Instagram tab: $715 million in cash, stock

Facebook buys Instagram On April 9, Facebook CEO Mark Zuckerberg announced that the social network planned to acquire Instagram, the popular photo-sharing mobile app. It was later reported the deal was for a whopping $1 billion. Facebook's purchase of Instagram was finalized in September for $715.3 million -- $300 million of it in cash and the rest in stock.

Facebook ended up paying $715 million to purchase Instagram instead of the original $1 billion figure agreed upon earlier this year, according to a quarterly investment report filed today.

The social network paid $521 million in stocks and cash that was set aside for the purchase, but also added an additional 11 million shares for Instagram employees at the close of the deal in September, according to the filing with the Securities and Exchange Commission

The $521 million includes about 12 million shares of common stock to Instagram's non-employee stockholders and $300 million in cash. The additional 11 million shares have a value of $194 million.

A lowered price isn't a surprise to those watching Facebook's performance in the stock market.

The original $1 billion agreement included $300 million in cash with the rest in common stock that, at the time, was valued at $30.89 a share. Shortly after the deal was struck, Facebook went public and the stock price dropped, pulling the value of the Instagram deal with it.

This article originally appeared on CNET.

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    Donna Tam is a staff writer for CNET News and a native of San Francisco. She enjoys feasting, merrymaking, checking her Gmail, and reading on her Kindle. Before landing at CNET, she wrote for daily newspapers, including the Oakland Tribune, The Spokesman-Review, and the Eureka Times-Standard.