Facebook Looking to Speed up Instagram Acquisition, UK Office of Fair Trading Gives Deal All Clear

on August 15, 2012 | Comments (0)

The UK Office of Fair Trading has just given the Facebook – Instagram purchase the all clear in a released statement.

This is good news for Facebook and they are now looking to speed up the payout of the Instagram acquisition in the US by using an unusual and uncommon Californian Law to issue stock without registering it with the Securities and Exchange Commission (SEC).

This approach is expected to save Facebook both time and money (in legal and filling fees) as the company looks to issue Facebook stock to Instagram’s early investors and employees for their stake in the company.

Facebook has scheduled a meeting in San Francisco with the California Department of Corporations on August 29. If Facebook’s new approach is approved at this meeting they will be able to issue stock to Instagram employees the very next day and move closer in finalizing this acquisition.