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Facebook's Instagram acquisition green-lighted by UK's OFT

Facebook
  • Posted August 15, 2012, 11:30 AM by Lee Kaelin | Filed in The Web
  • Facebook’s first hurdle in its acquisition of Instagram has been cleared after the UK’s Office of Fair Trading (OFT) passed the merger. The regulator said the acquisition would not substantially lessen competition for consumers in the country, or place the social…

UK's Office of Fair Trading to investigate $1bn Instagram deal

UK
  • Posted June 25, 2012, 10:00 AM by Lee Kaelin | Filed in Industry News
  • The UK's Office of Fair Trading (OFT) is to investigate Facebook's April announcement of its planned $1 billion purchase of Instagram due to concerns that the social networking giant could unfairly exert control over the competition by restricting the uploading…

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