Friday, February 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Introducing the CORSAIR Obsidian Series 500D
EASA Publishes Guidelines for Safe Drone Operations
Apple to Upgrade the AirPods Headphones
SK Telecom to Unveil 'HoloBox' Hologram AI Technology at Mobile World Congress 2018
Worldwide Sales of Smartphones Declined in 4Q, Samsung Retains First Spot
Intel Brings 5G Connectivity to PCs
Samsung and Qualcomm Expand Foundry Cooperation on EUV Process Technology
LG To Unveil Updated K8 AND K10 Smartphones at MWC
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
Belgian Court Fines Facebook Over Users Tracking
Social Media Need to Do More to Comply With EU consumer Rules
German Court Rules Facebook Cannot Use Personal Data
Facebook Announces $10 Million Community Leader Awards
German Cartel Authority Launches Inquiry Into Online Advertising Sector
Facebook's User Engagement and Growth Dip
Facebook Will Stop Showing Cryptocurrency-related Ads
Facebook to Prioritize Local News: Zuckerberg
Facebook Focuses on Privacy Ahead of EU Law
EU Court Rules Against Facebook Class Action
Facebook to Give users More Privacy Controls
Facebook Admits it Could Harm Democracy

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .