Meta pushes to throw out FTC's suit over VR fitness acquisition (NASDAQ:META) - Seeking Alpha

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Meta Platforms (NASDAQ:META) is urging a dismissal of the Federal Trade Commission's suit looking to artifact the company's acquisition of Within Unlimited, shaper of fashionable virtual world fittingness app Supernatural.

In a tribunal filing, Meta says the FTC hasn't shown however its planned woody volition wounded contention successful VR fittingness and says claims astir contention successful the young abstraction are "pure speculation," Bloomberg reported.

Meanwhile, the FTC had narrowed its objection to the woody by dropping allegations that Meta's game/"stealth" fittingness app Beat Saber competes with Within's Supernatural straight - saying Beat Saber is conscionable an "incidental fittingness app," and that Meta was apt readying to make its ain rival to Supernatural earlier embarking connected the deal.

The bureau has an uphill ascent successful proving suppressed contention successful a young industry, and Bloomberg notes Meta said "The FTC’s effort to hole its ill-conceived ailment inactive ignores the facts and the instrumentality and relies connected axenic speculation of a hypothetical aboriginal state."

The FTC's suit has received a December tribunal date. It had launched a probe past December, shortly aft Meta arranged the $400M deal.

And some Beat Saber and Supernatural got salient showcases - and immoderate teases for upcoming features - during Meta's revelation of the Quest Pro headset during Meta Connect.