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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. Facebook hopes Instagram can help boost its mobile offerings as users migrate swiftly to smartphones and tablets. PC Magazine “This action is not to be construed as a determination that a violation may not have occurred, just as the pendency of an investigation should not be construed as a determination that a violation has occurred,” Abigail J. Tabor, acting FTC secretary, wrote to Facebook and Instagram. “The Commission reserves the right to take such further action as the public interest may require.” AllThingsD Next week, Facebook and Instagram will attend a “fairness hearing” at the California Department of Corporations in San Francisco. Not until after that hearing will we be close to knowing the final closing price. Business Insider The cash and stock Facebook agreed to pay, originally $1 billion in total, now amounts to $747 million based on Facebook’s current stock price. Facebook originally paid $33 for each of Instagram’s 30 million users when the deal was first struck in April. It’s now paying closer to $9 a user. AllFacebook Facebook really wants messages to be like email. The social network announced Wednesday that it is testing some changes to make its messages feature look a little more like email.

Tumblr Becomes Next Property After Instagram to Have Twitter Friend-Finding Privileges Revoked (The Next Web)
Tumblr appears to have become the next property after Instagram to have its friend-finding privileges revoked. Now, Tumblr users can only find friends from Facebook and Gmail. BuzzFeed An official statement from Tumblr reads: “To our dismay, Twitter has restricted our users’ ability to “Find Twitter Friends” on Tumblr. Given our history of embracing their platform, this is especially upsetting …” TechCrunch Twitter did the same thing to Instagram last month. And last week, it announced new restrictions to its API, which will make things especially tough for developers building consumer apps that compete with Twitter’s.

Wi-Fi on Donkeys? Biblical Tourist Park Says Why Not (Mashable)
A biblical park tourist attraction in Israel has fused together the ancient and online worlds by equipping its donkeys with wireless routers. Now, visitors can instantaneously share with friends what Old Testament times were like via tweet, Instagram photo or Facebook wall post.


Chrome for iOS Update Adds Facebook, Twitter and Google+ Sharing (The Verge)
An update to Chrome for iOS adds the ability to share pages directly to Facebook, Google+ and Twitter in addition to email. In comparison, iOS’s native Safari browser already lets you tweet a link to the page you’re viewing with Twitter, but Google+ sharing isn’t available, and Facebook integration won’t be coming until iOS 6 is released, presumably sometime around Apple’s rumored iPhone event next month.

YouTube Launches 2012 Elections Hub, Will Live-Stream Conventions For The First Time (SocialTimes)
As the 2012 Presidential election is heating up, YouTube has introduced the YouTube Elections Hub, a one-stop shop for election news featuring coverage from eight news sources. They are: ABC News, Al Jazeera English, BuzzFeed, Larry King, The New York Times, Phil DeFranco, Univision and The Wall Street Journal.