Feeds

$1bn for Instagram? Knock yourself out, Facebook - UK watchdog

Funnily enough, no one here will mind

Internet Security Threat Report 2014

The UK's merger and acquisitions regulator has cleared Facebook to snaffle up photo filter Instagram. Imagine the sighs of relief at the social network when the watchdog ruled that the $1bn acquisition won't affect competition.

The Office of Fair Trading said there was no need to refer the proposed deal to the Competition Commission for investigation. The details of the decision will be published in the next few weeks once the social network and the antique photo firm have had a chance to look at them.

Facebook's takeover of Instagram is now awaiting the green light from the Federal Trade Commission in the US, which has issued a second request to Facebook for further information.

Regulators are involved because of the size of the acquisition, and their probing could hold up the closing of the deal, which Facebook is hoping to finish in the second half of this year. ®

Internet Security Threat Report 2014

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.