FTC's suspension was rejected, and the US court approved Meta's acquisition of VR Within.
CTOnews.com, February 2 (Xinhua)-- A US judge refused to stop Meta's acquisition of virtual reality startup Within, and the Federal Trade Commission (FTC) failed to block the deal, according to the Wall Street Journal.
California judge Edward Davila rejected FTC's request for an injunction to block the acquisition in a confidential court ruling, according to people familiar with the matter.
Us media pointed out that FTC can continue to try to block the deal through a separate lawsuit filed by the internal administrative court, and the trial is scheduled to begin on February 13. But FTC used to abandon such administrative proceedings after a judge rejected a request for an injunction.
CTOnews.com learned that FTC sued Meta in July last year to stop its acquisition of Within on the grounds that Meta had been planning a "VR conquest movement" since it acquired Oculus in 2014. The case opened in December last year.