Social

Instagram Acquires Video Sharing Startup Luma

Published on August 23, 2013
by Mike Isaac

Luma, a video capture and sharing service, announced Friday it has been acquired by Instagram. Terms of the deal, which was first reported by TechCrunch, were not disclosed. The company plans to shutter the service as a result of the acquisition; users will have until December 31 of 2013 to download their videos from Luma. A Facebook spokeswoman confirmed the deal.

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URL: http://allthingsd.com/20130823/instagram-acquires-video-sharing-startup-luma/