With IPO Just Days Away, Facebook Faces FTC Probe

Antitrust regulators are examining the social network's Instagram acquisition.

Washington Post: Unnamed sources say that antitrust investigators from the Federal Trade Commission (FTC) are looking into Facebook's acquisition of Instagram. The FTC routinely examines deals worth more than $66 million; since Facebook paid $300 million for Instagram, it's no surprise that they've attracted the eyes of regulators. However, with Facebook's IPO scheduled for just eight days from now, the timing of the investigation is bad for the social networking giant.

The investigation could delay (or prevent) the close of the Instagram deal. It's not known if the FTC probe will impact the timing of Facebook's IPO.

Tags: Facebook, antitrust, FTC, investigation, IPO

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.