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

Blogging: Analytics, SEO, and Content

Blogging: Analytics, SEO, and ContentWork with the former marketing director at Conde Nast Digital to improve your search rankings, integrate social, and increase traffic to your blog! Starting November 5, Jim Hopkinson will teach you how to analyze KPIs, monetize your blog through ads, sponsorships, and affiliates, and leverage your blog toward a larger platform such as publishing, speaking, or consulting. Register now!