FTC won’t appeal court decision permitting Meta to buy Within


Illustration by Nick Barclay / The Verge

The Federal Trade Commission will not appeal a recent federal court order allowing Meta to purchase VR startup Within, an agency official told reporters on Monday.

The FTC sued to stop Meta’s acquisition of Within, the company behind the popular fitness app Supernatural, last July. The agency argued that the purchase would expand Meta’s dominance in the VR market, pointing to the Oculus maker’s previous 2019 merger with the company behind Beat Saber. Meta fought the suit but later agreed to delay closing the deal until January 31st.

Shortly after the court greenlit the impending merger on Friday, Meta spokesperson Stephen Peters told The Verge the company is looking “forward to closing the transaction soon.” Meta declined to comment on…

Continue reading…

Source: ​Read More 

Leave a Comment

Generated by Feedzy