Client Alert: What the FTC’s Loss in the Meta/Within Transaction Means for the Future of Potential Competition Cases
On February 24, 2023, the Federal Trade Commission officially dismissed its administrative challenge to Meta Platforms, Inc.’s acquisition of Within Unlimited, Inc. (Within), the company behind the virtual reality (VR) fitness application, Supernatural. The move by the FTC came less than a month after Northern District of California Judge Edward J. Davila denied the FTC’s request for a preliminary injunction pending the outcome of the FTC’s administrative trial based on evidence provided by the parties during a seven-day bench trial in December 2022.
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