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Tag: Acquisition

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Instagram, having only a dozen employees was sold for a billion dollars to Facebook. What makes Instagram, a photo sharing app so valuable to Facebook?

Zynga is moving fast to snap up one of the most buzzed-about gaming apps since "Angry Birds." The company said Wednesday it is buying OMGPop, the maker of hit game "Draw Something."

Financial terms of the deal were not disclosed.

Warren Buffett's company said Monday it plans to spend about $9 billion cash to add specialty chemical maker Lubrizol Corp. to the eclectic mix of businesses inside Berkshire Hathaway Inc.

Hospitality Properties Trust (NYSE:HPT) announced that its board of trustees has declared the regular quarterly dividend on HPT's Series B Cumulative Redeemable Preferred Shares. A distribution of $0.5546875 per Series B preferred share is payable on or about April 15, 2011, to holders of record at the close of business on March 31, 2011.

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