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Facebook is paying well under the $1 billion price tag originally agreed upon for Instagram back when it acquired the mobile photo sharing app in April.
The final price tag -- $715 million -- was revealed in a quarterly investment report, filed Wednesday. According to the filing with the Securities and Exchange Commission, Facebook added 11 million shares -- valued at $194 million -- for Instagram employees at the close of the deal in September. The deal already included $521 million, consisting of $300 million in cash and 12 million shares of stock for non-employee stockholders.