Pinwan, August 7th, according to Jiemian News, citing Reuters, a court document shows that Facebook parent company Meta Platforms has agreed to delay the completion of the acquisition of Within Unlimited. The latter’s products include fitness app Supernatural.
In July, the U.S. Federal Trade Commission (FTC) filed a lawsuit seeking to block the deal and asked a judge in federal court in San Francisco to issue a temporary restraining order blocking the acquisition.
In joint court filings dated Aug. 4, Meta reportedly agreed not to close the deal until the end of 2022, or the first business day after a judge decides whether the case can go ahead.
The FTC refers to Meta, a “global tech giant” that owns popular apps including Instagram, Messenger and WhatsApp, and says its “campaign to conquer virtual reality” began in 2014, when it bought the maker of virtual reality headsets Oculus.
In October 2021, Meta agreed to acquire Within for an undisclosed amount. In the FTC filing, Meta said the FTC’s case was “based on ideology and speculation, not evidence.”
media coverage
Titanium media products play 36Kr
Related events
- Meta agrees to delay acquisition of VR company Within Unlimited 2022-08-07
- Facebook parent company Meta: From August this year, the price of the VR headset Quest2 will be increased by $ 1002022-07-27
- Meta fails an appeal, and was forced to withdraw from the $315 million acquisition of Giphy by the UK2022-06-14
- Meta’s Oculus under antitrust investigation2022-01-15
- UK watchdog to question Meta over child safety in VR
This article is reprinted from: https://readhub.cn/topic/8ihJyv1m7cU
This site is for inclusion only, and the copyright belongs to the original author.