The FTC failed to convince a federal judge to block Meta from purchasing VR fitness startup Within. Now it's free to close the deal.
; now it's official. Meta will be free to close on its acquisition following the decision from Judge Edward Davila in U.S. District Court in Northern California.The loss is a blow to FTC chair Lina Khan's effort to apply broad antitrust principles to emerging markets.was an argument that Meta wanted to buy a VR fitness instead of creating its own, and that the VR fitness space would be be more competitive without the acquisition.
"The Court concludes that the FTC has failed to establish a likelihood that it would ultimately succeed on the merits... based on the actual potential competition theory."We are pleased that the Court has denied the FTC’s motion to block our acquisition of Within," a Meta spokesperson said. "This deal will bring pro-competitive benefits to the ecosystem and spur innovation that will benefit people, developers, and the VR space more broadly.
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