Rumored FTC probe could delay Facebook Instagram deal, Toaster filter will have to wait

If you were hoping that Facebook's buyout of Instagram would wrap up quickly and let you directly integrate your heavily filtered photos into Timeline, you might be disappointed. Citing the ever-present "people familiar with the matter," the FT believes the Federal Trade Commission is orchestrating a competition probe. These kinds of investigations are common for most deals over $66 million -- we suspect the $1 billion Instagram pact qualifies -- but could add six months to a year to Facebook's originally planned spring closure date. The deal is still expected to go through, and you can keep tilt-shifting your photos to death in the meantime; just don't expect those shots to blanket friends' Facebook walls anytime soon.

Rumored FTC probe could delay Facebook / Instagram deal, Toaster filter will have to wait originally appeared on Engadget on Thu, 10 May 2012 15:20:00 EDT. Please see our terms for use of feeds.