Thursday, November 26, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
New LG Ray Smartphone Focuses On Photo Shooting
HP Profit Lower Than Expected
Police Arrests Fifth Suspect In TalkTalk Hack Investigation
Toshiba Develops Fast 3D Metal Printer
ECS LIVA X2 Mini PC Runs Windows 10
Memory-Tech Ready To Start Mass Production Of UHD Blu-ray Disc
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Active Discussions
roxio issues with xp pro
How to back up a PS2 DL game
Copy a protected DVD?
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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."

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
Facebook Makes Sure You See Less Info From Your Ex
Google Search To Display Facebook Content
Facebook App To Support Vanishing Messages
New Facebook Notify App Shows News to Smartphones
Belgian Court Blasts Facebook's Tracking Policy
Facebook Music Stories To Include Leading Music Services
Ads Keep Facebook's Revenue High
Facebook Reports Progress In Artificial Intelligence Research
Facebook To Change 'Real Names' Policy
Facebook Says Latest iOS App Won't Drain Your Battery
Facebook Makes All Posts Searchable
Facebook to Test Emoji Icons

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .