The U.S. government said it was formally ending its effort to stop Facebook parent Meta Platforms Inc from buying virtual reality content maker Within Unlimited. | Reuters
FILE PHOTO: Meta Platforms Chief Executive Mark Zuckerberg leaves federal court after attending the Facebook parent company’s defense of its acquisition of virtual reality app developer Within Inc., in San Jose, California, U.S., December 20, 2022. REUTERS/Laure Andrillon/File Photo
WASHINGTON — The U.S. government said Friday it was formally ending its effort to stop Facebook parent Meta Platforms Inc from buying virtual reality content maker Within Unlimited. The Federal Trade Commission , which lost a fight in court to block the acquisition, said in a filing that it has decided to formally end its effort.The FTC sued Meta in July to stop the Within deal, arguing that Meta’s purchase would reduce competition in a new market. The deal for Within, which makes the Supernatural fitness workouts, was reportedly worth about $400 million.
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