Facebook’s Instagram buy could be delayed by FTC, report says

Think about this for a moment. The feds want to “investigate” the purchase of one company by another. And in this case both products involved are 100% free for people to use. And each has numerous competitors.

Facebook’s Instagram buy could be delayed by FTC, report says – Macworld: he U.S. Federal Trade Commission has launched a probe of Facebook’s proposed acquisition of Instagram that could delay the closing of the deal, the Financial Times reported Thursday. Most mergers valued at more than $66 million must be reported to the FTC, and preliminary reviews by the agency are common. But the investigation of Facebook for any competition issues could upset its plans to close the deal by the end of the second quarter, the FT reported.