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FTC of the United States wants to prevent Meta from acquiring VR, and a hearing will be held in December.

Shulou Source: shulou.com Published: 2023-11-24 12:06:26 09月13日 Update

Sina Science and Technology News Beijing time on August 16 morning news, it is reported that Facebook parent company Meta is preparing to acquire VR company Within Unlimited, the US Federal Trade Commission (FTC) tried to block the acquisition, the two sides will face the court in December.

FTC believes that Meta's acquisition of Within Unlimited will form a monopoly in the VR industry. In this regard, the United States will hold a hearing, FTC will do its utmost to block the deal. The hearing lasted seven days until December 20.

Meta has acquired more than 100 companies in the past decade, and buying small businesses in young industries is often not opposed by FTC. But now the US is tougher on monopolies.

It is reported that Meta has agreed to postpone the completion of the acquisition until January 1, or wait for a judge to rule on the ban on FTC.

In addition, the fitness app Supernatural is also developed by Within Unlimited.

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