Saturday, November 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon's Workforce Is Mainly Male, White
HP Smartwatch Looks Classic, Coming Next Week
North Korea Blocks Foreigners' Access To Facebook, Twitter
Pirate Bay Co-founder Sentenced To 42 Months Imprisonment
SEL Showcases 1058ppi And Foldable OLED Displays
New Outlook for Mac Available Now, Office for Mac Coming In 2015
Updated BBM Offers More Privacy, Control and More
Panasonic Raises Profit Outlook
Active Discussions
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
 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
Ads Boost Facebook's Revenue
Facebook Returns To Chat Roots With Rooms App
Facebook Checks If Your Are Safe
Facebook And Samsung Executives Discuss Mobile, Content Collaborations
Facebook's WhatsApp Acquisition Finalized
Facebook To Battle Fake Likes
European Commission Approves Acquisition of WhatsApp by Facebook
Facebook To Step Into Healthcare: report
Facebook Tries To Better Control Research At Social Network
Facebook To Change Real-name Policy
Facebook Launches Updated Atlats Ad Serving Platform
EU To Clear Facebook's Bid For WhatsApp: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .