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Zuckerberg Reportedly Negotiated Instagram Deal Without Lawyers and Board Input

by Editors on April 19, 2012

Will Facebook’s lawyers and board members now insist that Facebook institute the oft-requested “dislike” button?

Facebook’s Mark Zuckerberg feared Instagram CEO Kevin Systrom would be put off if he approached him through lawyers. On April 5, Zuckerberg picked up the phone himself to call Systrom about buying the photo sharing service, the Wall Street Journal (sub. req.) reports. In three days of meetings in Zuckerberg’s home, the two men agreed on a $1 billion price. Lawyers and Facebook board members were not part of the process, sources tell the newspaper.

[via: Zuckerberg Reportedly Negotiated Instagram Deal Without Lawyers and Board Input at the ABA Journal]

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