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Meta is one step closer to buying virtual-reality startup Within Unlimited after a US district judge turned it down Federal Trade Commission requests to block the proposed acquisition, according to Bloomberg.
While the verdict was a win for Meta, the judge ordered the company to refrain from closing the deal for a week, giving the FTC time to decide whether or not to appeal the ruling. Inside produces the popular VR-fitness app Supernatural.
A little over a year ago, Meta pivoted to aggressively pursuing a strategy designed to turn a company known for operating successful social media platforms into the architects of the fledgling metaverse, an immersive world imagined involving a blend of virtual, augmented and mixed reality.
While Meta has outpaced competitors in the VR headset market, it has struggled to woo consumers to its suite of applications.
As has happened in the past with companies like WhatsApp, Meta is trying to offset its struggles by acquiring small companies that have valuable technology.
In July, the FTC sued Meta, arguing that buying Within would give the tech giant an advantage and help establish a monopoly in the virtual reality market, Bloomberg reported.
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