U.S. judge denies Federal Trade Commission’s attempt to block Meta from acquiring VR firm Within
A judge on Friday released a ruling denying the Federal Trade Commission’s request to stop Meta Platforms Inc from buying virtual reality content maker Within Unlimited, rejecting the regulator’s concerns the deal would reduce competition in a new market.
The ruling had been issued in a sealed form earlier this week. The version issued on Friday evening was redacted. Judge Edward Davila of the U.S. District Court for the Northern District of California said the FTC had failed to show that Meta would have entered the market to make dedicated fitness content if it was unable to buy Within.
The decision is good news for Meta boss and founder Mark Zuckerberg, who defended the acquisition in testimony in December, arguing that his company was helping to build but not dominate the virtual reality industry.
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