Facebook’s Instagram Deal: Why Is The FTC Involved?

Law360, New York (May 25, 2012, 1:36 PM EDT) -- Amid all the excitement surrounding the Facebook Inc.'s initial public offering, Mark Zuckerberg, CEO of Facebook, announced a quickly and quietly planned $1 billion purchase of mobile app maker Instagram. Not surprisingly, there’s already been much speculation surrounding the timing and strategy for this acquisition. One of the aspects of the deal that became immediately controversial was that the initial Facebook IPO filing indicated that management expected the deal to be closed in the second quarter of 2012.

It was soon pointed out that this would...
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