Facebook may acquisition of Instagram complete

The Us Federal Trade Commission has the acquisition of Instagram by Facebook is approved, making the acquisition can continue. The acquisition of Instagram is by the moderate price of Facebook is decreased.

With the approval of the FTC can Facebook in april announced the acquisition of Instagram complete, reports Reuters news agency. In april was the Facebook-Instagram deal is still $ 1 billion worth, but because the stock price of Facebook plummeted to about half of the price at which Facebook to the stock market went, the deal is now dropped in value to approximately 750 million dollars. The largest part of the acquisition is in Facebook shares paid in; $ 300 million is cash to the account of the Instagram-shareholders paid.

The British marktwaakhond Office of Fair Trading was already in agreement with the acquisition. According to the OFT makes the acquisition not for competition concerns, because Facebooks own photo service – Facebook Camera – only a very small share of the market has and Facebook with the acquisition so no monopolist will be. Added to this is that Instagram is currently no revenue model and that Facebook the necessary competition Google experience, according to the OFT.