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Published 1 year ago

Meta to buy VR startup Within after favorable court ruling

Summary by Ground News
Federal antitrust regulators had sought to block the acquisition on the grounds that it would hurt competition in the emerging virtual reality market. U.S. District Judge Edward Davila denied the Federal Trade Commission's request for a preliminary injunction against the deal. The judge's ruling said the agency did not provide sufficient evidence to prove its case. Meta said it will now proceed with its acquisition of Within Unlimited.

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