U.K. Office Of Fair Trading Investigates Facebook’s Acquisition Of Instagram

Facebook’s $1 billion acquisition of photo-sharing app Instagram is coming under scrutiny in the U.K., as competition regulator the Office of Fair Trading expressed concerns that the social network might prevent Instagram users from uploading photos to other sites, or restrict similar applications’ ability to upload photos to Facebook.

The Guardian reported that OFT set a July 5 deadline for interested parties to submit comments, and it will then determine by Aug. 23 whether it has any jurisdiction over the transaction, and whether there is suitable cause for an investigation by the U.K. Competition Commission.

The U.S Federal Trade Commission is also investigating Facebook’s acquisition of Instagram.

Facebook issued a statement saying:

We’ll continue to work closely with the OFT and look forward to answering any questions that arise.

Readers: Do you see any potential anti-competitive implications from Facebook’s acquisition of Instagram?

Related Stories
Mediabistro Course

Web Analytics

Web AnalyticsStarting July 30, master Google Analytics to build traffic and increase sales for your brand! In this course, you'll learn how to use metrics to develop a digital strategy for your business, determine what to look for in analytics reports, use your findings to improve your online initiatives and more. Register now!