News Formal

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

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta Platforms real estate executive says company will 'recalibrate our space' - Silicon Valley Business JournalMeta Platforms' real estate presence in the Bay Area accounts for about 10 million square feet of existing office space with another 2.3 million in the works Facebook Meta
Source: svbizjournal - 🏆 334. / 59 Read more »