FTC probe to delay Facebook takeover of Instagram - report

News Broadband United States 11 MAY 2012
FTC probe to delay Facebook takeover of Instagram - report
The US Federal Trade Commission (FTC) has launched an investigation into Facebook's proposed takeover of photo sharing service Instagram, reports Reuters. An unnamed source familiar with the investigation said that the FTC had contacted rivals Google and Twitter as part of the review. Facebook has said it hopes to complete the deal by end of the second quarter, but this deadline now seems unlikely to be met.

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Internet

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Facebook,  Google,  Twitter,  Instagram

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Global

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United States

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Messaging, Company, Services, Portals / social media, Corporate, Consumer, Enterprise, Client, M&A buyouts & divestments

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