San Francisco Chronicle | Facebook seals Instagram buyout for roughly $715m Register Instagram founder Kevin Systrom is totally "psyched" to see his company merge with Facebook, even after the deal ended up being much lower than the initial $1bn price tag initially offered by Mark Zuckerberg. The value of the buyout has tumbled because ... Facebook closes Instagram deal at US$715 million Facebook's Instagram purchase final Facebook closes Instagram deal, welcomes its 5B shared photos |