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Some sources (the NY Post for example) say the deal may take up to 6 months with a 50% chance of going through. There's some concerns as to whether Instagram may prevent sharing with social networks other than facebook (flickr for e.g.). I'm already booted off instagram without upgrading to the new app, but fear that I'll be forced to share all my instagram pictures on my facebook timeline.

To prevent sharing out except to Facebook, Instagram would have to disable its API and stop saving photos to Camera Roll. I don't expect either of those to happen.

Even if the deal might fall through, I could easily imagine Mike taking a day or two to celebrate instead of jumping back in and answering questions, particularly on the instagram-api list, since nurturing a slowly-growing ecosystem is not Instagram's best path to a successful exit. Logically, I think he did it because he's a nice guy.

Also worth mention a post than Donna Kline penned: http://www.donnaklinenow.com/investigation/instagram-scam

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