FTC drops lawsuit vs. Meta over VR acquisition

The Federal Trade Commission late Friday voted to withdraw its antitrust lawsuit against Meta Platforms Inc.’s META acquisition of virtual-reality startup Within Unlimited, officially ending the agency’s high-profile case. The FTC’s decision to abandon the case came less than a month after U.S. District Judge Edward Davila denied the FTC’s request for a court order blocking Meta’s purchase of Within. The FTC spokesman declined comment.

The Federal Trade Commission late Friday voted to withdraw its antitrust lawsuit against Meta Platforms Inc.’s META acquisition of virtual-reality startup Within Unlimited, officially ending the agency’s high-profile case. The FTC’s decision to abandon the case came less than a month after U.S. District Judge Edward Davila denied the FTC’s request for a court order blocking Meta’s purchase of Within. The FTC spokesman declined comment.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

FTC drops bid to block Meta's acquisition of Within | EngadgetThe FTC has voted to drop its administrative case against the company a few weeks after a federal court denied its request for a preliminary injunction to block the acquisition.. PostUp_bbb FOSSpatents
Source: engadget - 🏆 276. / 63 Read more »

FTC Abandons Challenge to Meta’s Acquisition of Virtual-Reality StartupThe Federal Trade Commission on Friday dropped its last remaining effort to block's acquisition of a virtual-reality startup, handing a final victory to the Facebook parent pathetic
Source: WSJ - 🏆 98. / 63 Read more »

FTC abandons suit blocking Meta acquisition of VR developerThe Federal Trade Commission dismissed its suit blocking Meta's acquisition of a virtual reality developer, marking the latest loss for the Lina Khan-led agency and its new aggressive approach to antitrust.
Source: dcexaminer - 🏆 6. / 94 Read more »