U.S. Instagram approves purchase by Facebook
Good news reaching us from the United States where the Federal Trade Commission has blessed the marriage between Instagram and Facebook: Zuckerberg’s social network can now officially complete the sale of the photo application that has caused a stir in half the world.
The ftc has found that the transaction does not involve practices that may harm competition, which always verified in such negotiations, so that the purchase can proceed as proposed last April, ie payment of U.S. $ 1,000 million:
“The Federal Trade Commission has closed its investigation public of the proposed acquisition by Facebook Instagram, without taking any action. Consequently, the agreement may proceed as proposed, “they say on their website.
Thus, in the FTC’s Web can read its approval to the transaction, after research done to determine if this would affect the main competitors of Facebook.
It is presumed that the FTC consulted some data with the guys from Twitter and Google to see its position on this purchase … not only because they are the main competitors of Facebook, but because remember that from the microblogging network have also tried to buy Instagram, so it is logical that the Competition investigation include that point.