Meta set to face trial from antitrust regulators trying to block virtual reality deal - Seeking Alpha

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Meta Platforms (NASDAQ:META) is acceptable to quadrate disconnected against U.S. antitrust regulators attempting to artifact its acquisition of virtual world startup Within connected Thursday.

Meta (META) volition look a justice successful a San Jose, California tribunal connected Thursday connected the first time of a scheduled 8 time trial. The FTC has asked for a preliminary injunction to the artifact the acquisition of the VR maker. U.S. District Judge Edward Davila volition preside implicit the hearings.

The FTC sued successful July to halt Meta from taking implicit Within, the shaper of fashionable subscription fittingness app Supernatural. On Aug. 5, Meta said it was putting the acquisition on clasp arsenic it prepared to combat the commission.

Meta CEO Mark Zuckerberg is expected to attest astatine the hearing, according to media reports.

Meta successful October unsuccessfully tried to get a justice to disregard the FTC case, arguing that the bureau didn't amusement its planned woody volition wounded contention successful VR fittingness and said claims astir contention successful the young abstraction are "pure speculation."