(WXIA) -- Only a few days after becomingavailableto Android users, Instagram is making news, again.
Facebook CEO, Mark Zuckerberg, announced Monday afternoon that his company had acquired popular photo sharing app, Instagram.
According to reports, Facebook agreed to buy the photo network for $1 billion in "cash and stock."
The acquisition comes after years of being "focused on building the best experience for sharing photos with friends and family."
The announcementindicatedthat officials at Facebook would like to grow and maintain the Instagram interface,independently, rather than "just trying tointegrateeverything into Facebook."
According to the statement released by Zuckerburg:
This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. We don't plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.
Although there have been no reports to confirm speculations, some think the the Instagram app will become more widely available, due to the merger. In the meantime, novice photogs can download the free app on their Apple and Andriod mobile devices.