Meta files to dismiss FTC suit over Within acquisition

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

United States News News

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

Meta filed to dismiss the Federal Trade Commission's attempt to block its acquisition of virtual reality fitness startup Within.

it was an unusual case to take on and would be incredibly tough to win, while supporters applauded the agency for bringing the case and sending a message to Big Tech about buying up smaller companies in emerging fields.

With this filing, Meta is telling the FTC it does not think the agency has a viable case. But the agency, lead by known tech critic Lina Khan, will not be going down without a fight.Meta and the FTC are scheduled for a two-week hearing Northern California in December, but the judge may rule to grant the request to dismiss prior to that.“The Commission voted to authorize FTC staff to file an amended complaint against Meta in federal district court,” an FTC spokesperson said in a statement.

 

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:

 /  🏆 302. in US

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