The FTC Is Investigating Facebook's $1 Billion Instagram Buy

Mark Zuckerberg Kevin Systrom

The FTC is investigating Facebook’s $1 billion Instagram buy, reports the FT.

In its most recent filings with the SEC, Facebook said the deal should close by the end of the current quarter.

The FT says the investigation – a routine one – will probably push the deal close beyond the end of the quarter.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

facebook sai-us