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Following the UK Office of Fair Trading’s decision not to refer Facebook’s proposed acquisition of Instagram to the Competition Commission (as we reported here), the US Federal Trade Commission has closed its investigation without taking any action. The FTC announced...

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Facebook’s billion dollar baby

August 16, 2012 | 1 Comments

The reasonably new “market” that is social networking has seen its first headline-making acquisition cleared by the UK Office of Fair Trading (OFT).   The OFT has decided not to refer the acquisition by Facebook of Instagram to...

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