FTC Approves Facebook’s Instagram Acquisition

on August 22, 2012 | Comments (0)

The United States Federal Trade Commission has approvoved Facebook’s Instagram acquisition in released statement.

Last week we saw the UK Office of Fair Trading also approve the purchase, so this closes an important chapter for Facebook and let’s them and the Instagram team work on further integrating the services and adding new functionality.

The FTC went on and sent 2 letters to Facebook and Instagram advising them the deal can now proceed without FTC intervention.

With this deal Instagram will help Facebook better understand mobile, and with a leg up of 85 million + users, this will help Mark Zuckerberg and team refine their whole suite of mobile products and applications over time, something that many users would like to see Facebook refine.