A PYMNTS Company

US: Facebook-Instagram deal warrants new scrutiny, Colorado AG says

By  |  August 19, 2019

Antitrust officials are right to look back at Facebook Inc.’s acquisition of Instagram to determine whether the deal harmed competition, Colorado’s attorney general said, adding to calls for renewed scrutiny of the takeover of the photo-sharing site.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Phil Weiser said in an interview Monday that large internet platforms like Facebook have been able to buy emerging rivals without sufficient antitrust review of the effects on competition.

    “Hindsight is 20-20, but I think looking back it does look like that sort of transaction didn’t get the scrutiny it deserved,” Weiser said about the 2012 Instagram deal. “When a merger doesn’t get challenged that doesn’t mean it is immunized from any potential future challenge.”

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.