For Your Information
FTC Closes Its Investigation Into Facebook's Proposed Acquisition of Instagram Photo Sharing Program
The Federal Trade Commission has closed its nonpublic investigation of Facebook's proposed acquisition of Instagram, Inc., without taking any action. Accordingly, the deal may now proceed as proposed.
The Commission vote to close the investigation was 5-0. The closing letters to the companies can be found on the FTC's website and as a link to this press release. (FTC File No. 121-0121; the staff contact is Christina Perez, 202-326-2048)
(FYI 31.2012.wpd)
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