Just Do It

Shayndi Raice, Spencer E. Ante, and Emily Glazer, reporting for the WSJ on Facebook’s billion-dollar acquisition of Instagram:

Companies generally prefer to bring in ranks of lawyers and bankers to scrutinize a deal before proceeding, a process that can eat up days or weeks. Mr. Zuckerberg ditched all that. By the time Facebook’s board was brought in, the deal was all but done. The board, according to one person familiar with the matter, “Was told, not consulted.”

★ Wednesday, 18 April 2012