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"Instagram originally demanded an acquisition fee of $2 billion (\u00A31.25bn) from Facebook, new reports suggest. The social network&amp;#039;s CEO Mark Zuckerberg is said to have talked down his Instagram counterpart Kevin Systrom by offering him a 1% share in his company, according to The Wall Street Journal.   Facebook bought out the photo-sharing service in a deal worth $1 billion (\u00A3629m) after Zuckerberg assured Systrom that the social network will one day be worth $200 billion, with a 1% share yielding $2 billion. &amp;quot;Mr Zuckerberg, who planned to pay for Instagram mostly with stock, asked Mr Systrom what he thought Facebook would be worth,&amp;quot; the report states. &amp;quot;If he believed Facebook would one day be worth as much as a company like Google at $200 billion (\u00A3124bn) or more, then the equivalent of 1% of Facebook would be sufficient to meet his price, Mr Zuckerberg told Mr Systrom.&amp;quot; Following Facebook&amp;#039;s acquisition of Instagram, reports emerged that microblogging website Twitter previously launched a bid to buy out the company. Zuckerberg has pledged to keep Instagram running as an autonomous operation.  &amp;gt; Facebook&amp;#039;s Instagram deal ignites fears of new tech bubble "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/internet/news/a377215/instagram-wanted-2bn-from-facebook-says-report/>