Meta acquisition of Within reportedly approved by court in loss for FTC
Publishing timestamp: 2023-02-01 14:43:17
Summary
A judge in California has ruled in favor of Meta, a Facebook-owned company, in its proposed acquisition of Within Unlimited, the maker of the VR fitness app Supernatural. The Federal Trade Commission had sued to block the merger, arguing that Meta was using the deal to gain an unfair advantage. The FTC could still appeal the decision or proceed with an in-house administrative proceeding. Meta has declined to comment.
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Keywords: politics, breaking news: politics, breaking news: technology, meta platforms inc, mobile, social media, business news, technology,
Source: https://www.cnbc.com/2023/02/01/ftc-loses-attempt-to-block-meta-acquisition-of-within.html