Expect a 6 month freeze on Facebook’s Instagram acquisition. From @gigaom
A former U.S. Department of Justice lawyer and antitrust expert says Facebook’s purchase of photo-sharing site Instagram will take between four months and one year to clear regulatory hurdles. In the meantime, the deal is effectively on hold.
One month after Facebook announced it bought Instagram for an eye-popping $1 billion, the Financial Times reported that the deal would be delayed due to a probe by the Federal Trade Commission. Here’s what you need to know....http://wtr.mn/K5hFui