Big Tech
Meta Notches Win as FTC Drops Challenge to Virtual-Reality Deal
- Agency votes closes case over Meta’s Within Unlimited deal
- Federal judge ruled against FTC following trial in December
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The Federal Trade Commission voted to withdraw an antitrust complaint challenging Meta Platforms Inc.’s purchase of virtual-reality startup Within Unlimited, officially closing the agency’s case.
The FTC sued to block the deal last year, filing twin complaints in federal court and its in-house court. Following a December trial in a San Jose federal court, US District Judge Edward Davila found in favor of Meta, ruling the FTC didn’t offer enough evidence to prove that the acquisition would harm competition in the nascent virtual-reality industry.