Reason.com - Free Minds and Free Markets
Reason logo Reason logo
  • Latest
  • Magazine
    • Current Issue
    • Archives
    • Subscribe
    • Crossword
  • Video
  • Podcasts
    • All Shows
    • The Reason Roundtable
    • The Reason Interview With Nick Gillespie
    • The Soho Forum Debates
    • Just Asking Questions
    • The Best of Reason Magazine
    • Why We Can't Have Nice Things
  • Volokh
  • Newsletters
  • Donate
    • Donate Online
    • Donate Crypto
    • Ways To Give To Reason Foundation
    • Torchbearer Society
    • Planned Giving
  • Subscribe
    • Reason Plus Subscription
    • Print Subscription
    • Gift Subscriptions
    • Subscriber Support

Login Form

Create new account
Forgot password

Economics

FTC Approves Facebook Buyout of Instagram

The social networking company bought the photo app for $750 million

Reason Staff | 8.23.2012 10:35 AM

Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Facebook (FB: 19.53, +0.09, +0.44%) received the green light this week from the Federal Trade Commission to go ahead with its $750 million buyout of photo-sharing app Instagram, a deal the social network hopes will bolster its struggling mobile offerings.

The world's largest social network first unveiled a deal to acquire Instagram in April, drawing widespread attention for the lofty price tag and CEO Mark Zuckerberg's decision to merely "consult" his board of directions on the transaction, Facebook's largest ever.

Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.

This field is for validation purposes and should be left unchanged.

NEXT: Pew: Coverage of Presidential Candidates Equally Negative

Reason Staff
EconomicsCultureScience & TechnologyFacebook
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Show Comments (0)

Latest

Florida Applies for Federal Reimbursement for 'Alligator Alcatraz' Costs Despite Court Warning

C.J. Ciaramella | 9.13.2025 7:00 AM

This Protein Powder Is Made Out of Air and Uses 600 Times Less Water Than Beef

Jeff Luse | From the October 2025 issue

FBI Blunders and Internet Panic: How the Search for Charlie Kirk's Killer Went Off the Rails

Matthew Petti | 9.12.2025 5:14 PM

The Standard for 'Vicious' Speech Trump Laid Out After Kirk's Murder Would Implicate Trump Himself

Jacob Sullum | 9.12.2025 3:45 PM

U.S. Plan To Disarm Hezbollah Is a Diplomatic Dead End

Lora Karch | 9.12.2025 3:31 PM

Recommended

  • About
  • Browse Topics
  • Events
  • Staff
  • Jobs
  • Donate
  • Advertise
  • Subscribe
  • Contact
  • Media
  • Shop
  • Amazon
Reason Facebook@reason on XReason InstagramReason TikTokReason YoutubeApple PodcastsReason on FlipboardReason RSS

© 2025 Reason Foundation | Accessibility | Privacy Policy | Terms Of Use

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300