With IPO Just Days Away, Facebook Faces FTC Probe

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

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.

Subscribe to Data Insider

Learn the latest news and best practices about data science, big data analytics, artificial intelligence, data security, and more.

Similar articles

Get the Free Newsletter!

Subscribe to Data Insider for top news, trends & analysis

Latest Articles