FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd WiegmannFILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann
Meta has agreed to push back the closing by one month or until the first day after the court rules on US Federal Trade Commission’s preliminary injunction trial, according to the filing with the United States District Court for the Northern District Of California.
The FTC filed a slimmed-down complaint in October against the merger, focusing on the VR-dedicated exercise app market and dropped allegations related to the broader VR fitness app market. Meta already has the best-selling VR headset, the Quest 2,and controls a Meta Quest Store with hundreds of apps. Within Unlimited, founded in 2014, creates original content for virtual reality. It describes itself as “the premier destination for cinematic virtual reality.”