Meta to Go Ahead With Acquisition of VR Platform Within Unlimited as FTC Withdraws Case

Meta to Go Ahead With Acquisition of VR Platform Within Unlimited as FTC Withdraws Case

ByNews Polite

The Federal Trade Commission voted to withdraw an antitrust complaint challenging Meta Platforms’s purchase of virtual-reality startup Within Unlimited, officially closing the agency’s case. The FTC sued to block the deal last year, filing twin complaints in federal court and its in-house court. Following a December trial in a San…

Meta Gets Nod to Buy VR Content Maker Within Unlimited as FTC’s Request Gets Denied

Meta Gets Nod to Buy VR Content Maker Within Unlimited as FTC’s Request Gets Denied

ByNews Polite

A judge on Friday released a ruling denying the Federal Trade Commission’s request to stop Meta Platforms from buying virtual reality content maker Within Unlimited, rejecting the regulator’s concerns the deal would reduce competition in a new market. A December trial to decide if Meta could go forward with the…