News bites: Facebook unveils video-sharing service on Instagram

Facebook's unveiling of a video service on Instagram illustrates how the social network views video as integral to its business, according to The New York Times.

SoftBank CEO Masayoshi Son said he's confident that the company's acquisition of Sprint will be completed by July, Reuters reports.

Apple's lead attorney warned a district judge that if the company is found guilty of price-fixing in the e-book market it will send shudders across the industry, The Washington Post reports.

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In a New York Times op-ed, Verizon CEO Lowell McAdam argues that regulatory restraint has helped the United States' broadband market become a leader on the global stage.