FTC Pares Back Lawsuit Targeting Meta Platforms’ Bid for Virtual-Reality Company

📆 08-10-22 05:50:00
📰 WSJ

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The FTC has pared back its lawsuit targeting Meta Platforms’ bid to acquire a virtual-reality company

Federal antitrust authorities on Friday pared back their lawsuit seeking to block Facebook parent Meta Platforms Inc.’s purchase of a company that has a leading position in the market for virtual-reality fitness apps.

Meta’s acquisition of Within Unlimited Inc., creator of the virtual-reality fitness game Supernatural. The FTC said the deal would stifle competition in the market for virtual-reality fitness applications and impede potential future competition as well.

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