Thursday, May 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft's Beam Streaming Service Becomes "Mixer"
Lenovo Returns to Profitability
RICOH WG-50 Waterproof Digital Compact Camera Released
Acer Announces New Nitro 5 Notebook Line, Entertainment-Oriented Tablet and the Spin 1 Convertible
Google's Alpha Go Beats Chinese Master Again
Kingston KC1000 NVMe PCIe SSD Meets Demanding Data Needs of SSD Enthusiasts
Samsung Wants to Lead the Foundry Race With Process Roadmap Down to 4nm
Western Digital Raises its Offer For Toshiba's Memory Business: report
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
Facebook to Show Major League Baseball games Live
European Commission Fines Facebook €110 Million for Providing Misleading Information About WhatsApp Takeover
Facebook Updates News Feed to Reduce Clickbait Headlines
French Watchdog Fined Facebook
Facebook to Reduce Links to Low-Quality Web Pages
Facebook Shutters Oculus Film Studio
Facebook Reports High Profit On Strong Mobile Ad Business
Facebook To Hire Thousands To Check Violent Videos
Facebook Adds More Game To Messenger
Facebook to Display Related Articles Before You Read The News
Facebook Releases Two New Surround 360 Video Cameras, Futuristic projects Focused On Silent Speech Communications
Facebook Outlines Its Strategy for Augmented Reality At F8 2017

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .