Facebook's Parent Company Meta To Delay Within Deal

December 20, 2022 Story: Divya Sinha

According to a court filing, Meta has no plans to sign an acquisition deal with Within Unlimited before January 31st.

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Meta agreed to postpone its closure for one month after the court rules on US Federal Trade Commission's preliminary injunction trial.

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In August, Meta agreed not to close until December 31.

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FTC filed a lawsuit in July to block the deal, calling Facebook a global tech giant and noting that it owns popular apps like Instagram, Messenger and WhatsApp.

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In addition, it mentioned that its campaign to conquer VR began in 2014 with the acquisition of Oculus.

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In October, the FTC filed a complaint against a merger focused on the VR-specific exercise app market.

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Meta owns the best-selling VR headset, the Quest 2, and manages the Meta Quest Store with hundreds of apps.

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