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FTC probe may delay close of Facebook-Instagram deal
The government's probe into Facebook's $1 billion purchase of photo-sharing app Instagram threatens to delay the close of the deal, according to a report in the Financial Times. That could prove distracting while the social-network company is deep into its IPO roadshow.
Citing two people familiar with the matter, the FT says the FTC has begun collecting information from two of Facebook's largest competitors -- presumably Twitter and Google, although the newspaper doesn't say.
Such a probe is routine for any deal of this size, but the FT says this investigation could take six to 12 … Read more
