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FTC withdraws antitrust complaint against Meta for Within takeover
short by Bhawana Chaudhary / on Saturday, 25 February, 2023
US Federal Trade Commission (FTC) on Friday said it has withdrawn the antitrust complaint against Meta's purchase of virtual reality (VR) startup Within Unlimited. Earlier this month, a US judge denied FTC's request to stop the acquisition. FTC sued Meta in July 2022, arguing the deal would "tend to create a monopoly". The deal was reportedly worth about $400 million.
read more at Reuters