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August 29, 2012 10:56 pm GMT
Even though Federal Trade Commission approved Facebook's acquisition of Instagram last week, the social network was still waiting for a California Department of Corporations fairness" ruling for the issuance of 23,000 shares to close the deal. It looks like Facebook got the approval, and will be able to close the acquisition of the photo-sharing startup.Mark Leyes, Director of Communications at California Department of Corporations tell us, "The hearing officer concluded the transaction is fair, just and equpitable to shareholders of Instagram."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XeQq136xYfA/
Facebook-Instagram Deal Approved By CA Department Of Corporations
Even though Federal Trade Commission approved Facebook's acquisition of Instagram last week, the social network was still waiting for a California Department of Corporations fairness" ruling for the issuance of 23,000 shares to close the deal. It looks like Facebook got the approval, and will be able to close the acquisition of the photo-sharing startup.Mark Leyes, Director of Communications at California Department of Corporations tell us, "The hearing officer concluded the transaction is fair, just and equpitable to shareholders of Instagram."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XeQq136xYfA/
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