: 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, -0.96% 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. A Meta spokesperson told MarketWatch in a statement, “We’re excited that the Within team has joined Meta, and we’re eager to partner with this talented group in bringing the future of VR fitness to life.”

This article was originally published by Marketwatch.com. Read the original article here.

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