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Facebook’s Instagram Purchase Closed and Done

on September 7, 2012 | Comments (0)

Image via Facebook

Instagram have just announced via their blog that they will be moving the Instagram team to Facebook’s Menlo Park Headquarters.

Facebook via their newsroom have confirmed today the deal has been closed and the Instagram product will remain as a stand alone application from the Facebook platform, although we do expect to see further integration between the 2 networks.

Facebook has around 550 million monthly mobile users, so the expertise the Instagram team can bring to the Facebook Mobile Platform will be huge and we all expect to see some exciting developments over the coming months.

At the end of August, Facebook iOS apps got a major update and the user experience feels much faster and useable, similar to how the Instagram app feels.