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Facebook, a large social media company, bought Instagram, also a social media company, in 2012 for $1 billion. These companies were previously competitors, with Instagram

Facebook, a large social media company, bought Instagram, also a social media company, in 2012 for $1 billion. These companies were previously competitors, with Instagram the smaller company but quickly gaining market share. In this purchase, what business strategy was Facebook pursuing? O Joint Venture Mergers and Acquisitions Strategic Alliance Internal Development Unrelated Diversification

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