ClearedPhase 1
The United Kingdom Competition and Markets Authority cleared Meta's acquisition of Instagram on 14 August 2012 (case Facebook / Instagram Inc).[1]
The Office of Fair Trading, whose case records the Competition and Markets Authority now holds, cleared Facebook's acquisition of Instagram unconditionally in August 2012. Competition authorities later came to regard purchases of this kind very differently, and the same transaction became central to the antitrust case brought against the company in the United States.
Facebook acquired Instagram, then a thirteen-person company with no revenue, for about $1 billion in cash and stock. The final consideration fell as Facebook shares declined between announcement and closing.
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.
Brandtree needs to remember this choice and does not set any other cookie unless you accept.
If you choose “Accept all”, we also use Google Analytics cookies to count visits and see which pages help, so we can improve the site.
If you choose “Accept required”, no analytics cookie is set. Google Analytics still receives a cookieless ping with the page address and your IP address. No advertising is used either way. Privacy policy