Antitrust regulator drops administrative trial to block Facebook parent’s purchase of Within Unlimited
The FTC had argued that Meta Platforms Inc. purchase of Within Unlimited would hurt competition in the market for virtual-reality fitness products.WASHINGTON—The Federal Trade Commission on Friday dropped its last remaining effort to block Meta Platforms Inc.’s acquisition of a virtual-reality startup, handing a final victory to the Facebook parent.
The announcement that the agency was abandoning an administrative proceeding against the deal came less than a month after athe FTC’s request for a court order halting Meta’s purchase of Within Unlimited. That ruling by U.S. District Judge Edward Davila didn’t directly affect the parallel challenge brought by the FTC in its in-house administrative court, and it had been unclear if the agency would push forward with the administrative case.
pathetic