Tech

Facebook IPO to be delayed till June

Josh Peterson Contributor
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The Initial Public Offering was slated for 17 May, according to CNBC, but could now take place in the early or middle part of the next month.

It follows a spending spree by Facebook chief executive Mark Zuckerberg in the last two weeks. First he agreed to pay $1bn for the mobile photo-sharing app Instagram, then this week strengthened his legal war chest by acquiring 650 technology patents from Microsoft for $550m.

Full Story: Facebook ‘to delay flotation until June’