Mark Zuckerberg’s Lawyers Watched From Afar As Instagram Deal Was Being Negotiated

Mark Zuckerberg
When Mark Zuckerberg decided that he wanted to buy Instagram, he had Instagram CEO Kevin Systrom come to his $7 million Palo Alto home to negotiate. Lawyers and bankers were not consulted during the deal, but they were present and were watching from afar. The New York Times wrote a riveting article today about how Facebook turned down an offer from Yahoo! and continue to grow.

“As the deal came to a close, Mark and Kevin sat outside and ate steaks and ice cream, while the lawyers all sat inside watching ‘Game of Thrones,’ ” said a person that was present at the house in an interview with The New York Times. The “two 20-somethings were alone hammering out the terms of the deal.” The Instagram deal represents how much control Zuckerberg has retained during Facebook’s growth over the last 8 years.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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