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Report: FTC To Investigate Facebook's Acquisition of Instagram

   
10:36 am on May 11, 2012 (gmt 0)

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Report: FTC To Investigate Facebook's Acquisition of Instagram [reuters.com]
The U.S. Federal Trade Commission has reached out to Google Inc and Twitter in an investigation into Facebook Inc's $1 billion acquisition of photo-sharing service Instagram, a source familiar with the probe told Reuters.

It was not immediately clear what specific information the FTC was looking for, the source said. The Commission automatically initiates a review of any acquisition of significant size.