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FTC Ends Investigation on Facebook’s Instagram Deal (The New York Times/Dealbook)
After months of anticipation, Facebook is now closer to completing its takeover of Instagram, the popular photo-sharing application. On Wednesday, the Federal Trade Commission announced that it had closed its investigation on the proposed acquisition. San Francisco Chronicle/The Tech Chronicles Through a spokesman, Facebook said it was “pleased that the Federal Trade Commission has cleared the transaction after its careful and thorough review,” although he noted there were still “lots of other procedural things” still needed before the deal could close.

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