Realty Income Corporation (NYSE:O) will acquire American Realty Capital Trust, Inc. (ARCT) in a stock transaction that is currently valued at $2.95 billion. The latter’s stockholders will receive 0.2874 Realty Income shares for each share they own, which are at $12.21 based on Wednesday’s close.
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Gannett Co., Inc. (NYSE:GCI) grabs the mobile applications producer Mobestream Media for an unreported sum. The purchase will help Gannett move into the mobile coupon market and also follows up on the acquisition of a Facebook ad firm in August.
Facebook’s (NASDAQ:FB) almost fabled acquisition of Instagram is now officially closed and the transaction’s value is worth $736 million as of Thursday. This news accompanies Instagram’s announcement that 5 billion photos have been shared through its platform. The ball is in Facebook’s court now, which hosts over 140 billion photos, to maintain Instagram as a standalone service. However, observers opine that it might look for ways to integrate it with solutions such as Open Graph and its Camera application.
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