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Facebook’s purchase of Instagram triggers FTC probe

The hefty price Facebook paid for photo-sharing app Instagram qualified it for a review by the US Federal Trade Commission (FTC), which remained mum on the subject despite a Financial Times report on Thursday saying that a probe was underway. The investigation was considered routine given the price tag on the deal, but it could threaten the social network's plan for an IPO of stock next week. (AFP Photo/Thomas Coex)

Facebook’s billion-dollar deal to buy the startup behind photo-sharing smartphone application Instagram has evidently caught the eye of US regulators. The hefty price tag qualified it for a review by the US Federal Trade Commission (FTC), which remained mum on the subject despite a Financial Times report on Thursday saying…

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