Facebook to acquire Instagram for $1 Billion

The name that was in the news when the company finally launched and made their popular photo editing and sharing application to the Android world is now in the news. Facebook has just announced that the social networking giant will acquire Instagram. The announcement was made first by Mark Zuckerberg himself on his Facebook Timeline and was subsequently reported via the site's official blog. The acquisition is reported to be at $1 billion which will be a mix of cold cash and an exchange of shares of stock.

Instagram for Android officially launched download it now from Google Play

To all Android users out there and to those who are jealous with iOS users who were able to use this magnificent application which turns ordinary photos to something awesome and share them to friends everywhere, then this is the time you all have been waiting for. Instagram has officially launched, released, and made available for download over at the Google Play Store the Instagram for Android. Yes! You can download it now and is compatible with any Android device running on Android 2.2 Froyo and up. Download the application now and head over the break to check out screenshots of the application.