Thursday, September 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
CORSAIR Launches DOMINATOR PLATINUM Special Edition DDR4 Memory
Apple Partners With Deloitte In New Enterprise Push
Europol Says Ransomware Is A Top Cybercrime Threat
New Amazon Fire TV Stick Comes With Alexa Voice Remote
Qualcomm Snapdragon 600E and 410E For Embedded Applications Now Available Through Arrow Electronics
NVIDIA Launches New AI Technology At Third Regional GPU Tech Conference
Blackberry Offifially Stops Making Smartphones, Outsources Mobile Business To Indonesian BB Merah Putih
SpaceX Chief Envisions Ships Flying to City On Mars
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > FTC Cle...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 23, 2012
FTC Clears Facebook's Acquisition of Instagram


The U.S. Federal Trade Commission cleared Facebook acquisition of Instagram, voting to close its antitrust investigation into the deal without taking any action.

The Commission vote to close the investigation was 5-0. The move frees Facebook to complete its purchase of the mobile photo application maker, the biggest acquisition in its history. Facebook announced plans to buy Instagram in a cash and stock deal for $1 billion in April.

Facebook will acquire Instagram for $300 million in cash and roughly 23 million shares of Facebook common stock.

The Instagram application, which allows users to add filters and effects to pictures taken on their smartphones, could bolster Facebook's mobile efforts.

Facebook said in its most recent 10Q regulatory filing that it plans to maintain Instagram's products "as independent mobile applications to enhance our photos product offerings and to enable users to increase their levels of mobile engagement and photo sharing."


Previous
Next
HP Posts Losses For Third Quarter        All News        Rambus Announces Restructuring Plan
HP Posts Losses For Third Quarter     General Computing News      Rambus Announces Restructuring Plan

Get RSS feed Easy Print E-Mail this Message

Related News
Youtube, Facebook Expand Their Initiatives To Combat Hate Speech
Could Facebook Develop A Modular Smartphone?
Facebook Messenger Gets Payment Capabilities
Facebook Adds Instant Video To Messenger
Facebook To Bring Rural Internet Access For Africa
Facebook 'Trending' To Rely Less On Humans
Facebook To Use Personal Data From WhatsApp To Bring You Personalized Ads
Facebook Ads To Bypass Ad Blocking
Facebook News Feed Algorithm to Punish Click-Bait Posts
Facebook To Let Companies Sell Through Their Pages
Facebook Reports Sharp Ad Sales Growth
Facebook's Aquila Maiden Flight Is A Reality

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .