Judge to Hear FTC's Bid to Block Meta from Acquiring Virtual-Reality App Maker - The Wall Street Journal

1 year ago 41

This transcript is for your personal, non-commercial usage only. Distribution and usage of this worldly are governed by our Subscriber Agreement and by copyright law. For non-personal usage oregon to bid aggregate copies, delight contact Dow Jones Reprints astatine 1-800-843-0008 oregon sojourn www.djreprints.com.

https://www.wsj.com/articles/judge-to-hear-ftcs-bid-to-block-meta-from-acquiring-virtual-reality-app-maker-11670503140

Facebook’s genitor institution faces an antitrust combat implicit its projected acquisition of startup Within Unlimited

Updated Dec. 8, 2022 7:39 americium ET

WASHINGTON—The Federal Trade Commission connected Thursday volition inquire a justice to halt Meta Platforms Inc.’s planned acquisition of a virtual-reality startup, a lawsuit that represents a shift successful U.S. antitrust enforcement and poses a situation to the Facebook parent’s metaverse strategy.

The FTC is seeking an injunction blocking Meta’s planned acquisition of Within Unlimited Inc., the institution down the fashionable virtual-reality fittingness crippled “Supernatural.”

Read Entire Article