News Formal

U.S. FTC asks judge to pause Meta deal for VR company Within

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

Fight to determine if Meta could go forward with this relatively small deal is seen as a test of the FTC’s bid to head off what it sees as a repeat of the company acquiring small upcoming would-be rivals to secure dominance,

deal to buy virtual reality app maker Within Unlimited while the two sides await a decision from the court.

The FTC sued the Facebook and Instagram owner in July to stop the Within deal and asked the judge to order a preliminary injunction, saying Meta’s “campaign to conquer VR” began in 2014 when it acquired Oculus, a VR headset manufacturer. There was a trial on the case in December. The agency asked for the court to order Meta to refrain from closing its deal for Within until 11:59 p.m. Pacific time on the first business day after the judge rules on whether the deal may go forward. Or, the agency said in a court filing, the judge could extend the existing temporary restraining order for 7 days.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 5. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Using artificial intelligence to invest: Three commodity stocks from Huw Roberts - BNN BloombergArtificial intelligence is aiding one financial expert to find undervalued stocks within the commodities sector.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »