: FTC drops lawsuit vs. Meta over VR acquisition

The Federal Trade Commission late Friday voted to withdraw its antitrust lawsuit against Meta Platforms Inc.’s META acquisition of virtual-reality startup Within Unlimited, officially ending the agency’s high-profile case. The FTC’s decision to abandon the case came less than a month after U.S. District Judge Edward Davila denied the FTC’s request for a court order blocking Meta’s purchase of Within. The FTC spokesman declined comment. A Meta spokesperson told MarketWatch in a statement, “We’re excited that the Within team has joined Meta, and we’re eager to partner with this talented group in bringing the future of VR fitness to life.”

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