Facts are ASYI has acquired birthdayslam.com, a Start-up niche Facebook Application, and with the pending Facebook IPO and Facebook's recent acquisition spree ASYI has the momentum, buzz, share structure and pending news/filings to push this stock to .10+ The appointment of Birthdayslam's Officers into ASYI is evidence that this is done deal. Now here are the goodies~ Instagram was valued at 500m and Facebook doubled the price for them!! ASYI Market Cap is rediculously Low at 2mil!!
Facebook buys photo app Instagram for $1 billion"
Facebook has made another acquisition, and as with Instagram it’s in mobile again. They have bought TagTile, a mobile-based customer loyalty, management startup, for an undisclosed sum.
On December 9, 2011, ASYI entered into a LOI with Birthday Slam Corp. (BSC). Pursuant to the LOI, BSC and ASYI will commence the negotiation and preparation of a share exchange agreement whereby ASYI will acquire 100% of the shares of BSC for a certain number of shares of ASYI’s common stock. The LOI may be terminated at the earlier of: (a) mutual written consent of both the Company and BSC, or (b) at 5:00 pm EST on January 15, 2012.
Birthday Slam is an internet start-up dedicated to helping people have and host remarkable Birthdays. Birthday Slam’s online platform, available at www.BirthdaySlam.com and also on the Facebook platform, will encompass multiple tools and applications that allow users to send e-cards, create wish lists, purchase group-gifts, receive notifications of approaching Birthdays, store details of past greetings and gifts (sent and received) and conduct other, similar activities related to Birthdays. Birthday Slam is currently in the final development stage and expects to launch in multiple languages in Europe and North America in early 2012.
ASYI must see: This is what is expected within the next few weeks
FACBOOK is buyin Apps like wildfire prior to its IPO in MAY~
Facebook Ups The Mobile Ante Again; Buys Mobile Loyalty, Rewards
This just in: Facebook has made another acquisition, and as with Instagram it’s in mobile again. They have bought TagTile, a mobile-based customer loyalty, management startup, for an undisclosed sum.
“We’re happy to confirm that Tagtile’s founders are joining Facebook, and that Facebook is acquiring substantially all of the company’s assets. We’ve admired the engineering team’s efforts for some time now and we’re excited to have them join Facebook,” the company said in a statement.
TagTile’s statement here.
The news comes the same day that Facebook began to roll out its offers service.
We wrote about TagTile last October when it launched, having been a TechCrunch Disrupt Startup Alley participant.
Facebook is not waiting for its initial public offering to make its first big purchase.
In its largest acquisition to date, the social network has purchased Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday.
It’s a notable move for Facebook, which has exclusively focused on bite-size acquisitions, worth less than $100 million. Article Tools
With Instagram, Facebook will get a formidable mobile player – an area that is seen as a weakness for the sprawling social network. Founded two years ago, the service — which lets users share photos and apply stylized filters – has become one of the most downloaded applications on the iPhone, with some 30 million users. Instagram released a version of its application for Google’s Android operating system last week.
On Monday, both companies expressed their commitment to run Instagram as an independent service. Mark Zuckerberg, the chief executive of FacebookPool photo by Yuriko NakaoMark Zuckerberg, the chief executive of Facebook, which is expected to go public next month.
In a post on his profile page, Facebook’s chief Mark Zuckerberg said Instagram would continue to work with rival social networks. That will allow users to post on other services, follow users outside of Facebook, and to opt out of sharing on Facebook.
“For years, we’ve focused on building the best experience for sharing photos with your friends and family,” Mr. Zuckerberg wrote. “Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.”
In a separate blog post on Instagram’s Web site, the company’s chief executive, Kevin Systrom, also reiterated plans to preserve the service’s functionality and said he looked forward to leveraging the new parent company’s resources and talent.
The announcement comes as Facebook prepares for its highly anticipated initial public offering, widely expected to take place next month.
Though Facebook is known for smaller acquisitions, Instagram’s surging momentum likely compelled the social network to swiftly put together a billion-dollar offer. Last week, Instagram, which has just a handful of employees, closed a financing round worth more than $50 million with several prominent investors, including Sequoia Capital, an early backer of Google, Thrive Capital, the firm run by Joshua Kushner, and Greylock Capital, an early investor of LinkedIn. AllThingsD first reported last week that Sequoia was in the process of leading a $50 million round in Instagram.
That latest funding round valued Instagram at about $500 million, according to one person with knowledge of the matter, who requested anonymity because discussions were private. Facebook’s purchase, one week later, means that investment has now doubled in value.
The deal is expected to close later this quarter, according to Facebook’s statement.
Here is the news release from Facebook:
“Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.
“The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.”
Mark Zuckerberg, founder and chief executive of Facebook, posted about the transaction on his Facebook page:
“I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.
“For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.
“We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.
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