Report: Meta wins ruling against FTC to move forward with purchase of VR startup Within

Report: Meta wins ruling against FTC to move forward with purchase of VR startup Within

a year ago
Anonymous $gM56WhLPcK

https://techcrunch.com/2023/02/01/report-meta-wins-ruling-against-ftc-to-move-forward-with-purchase-of-vr-startup-within/

Meta can move forward with its acquisition of virtual reality startup Within, a report from Bloomberg says. According to the report, Judge Edward Davila submitted a sealed decision that denied the FTC’s request to take next steps in blocking the transaction.

The FTC sued Meta in July to block the purchase of Within, the creators of the VR fitness app Supernatural, alleging that the acquisition would be anti-competitive. Indeed, Meta has a history of buying up promising VR technology to power its mutli-billion dollar bet on the metaverse.