According to reports, the US Federal Anti -Monopoly agency has reduced the lawsuit to the Facebook parent company Meta Platforms acquire VRIN UNLIMITED.
The move was revoked some of the claims proposed by the Federal Trade Commission (FTC) in July this year. At that time, the agency tried to prevent Meta from acquiring Within Unlimited as a virtual reality fitness game Supernaturities developer. FTC has previously said that the transaction will stifle the competition in the virtual reality fitness application market and hinders potential competition in the future.
FTC's initial lawsuit stated that Meta's game product named Beat Saber directly competed with Within's popular Supernatural application competition. FTC said that the transaction is part of the model developer of virtual reality application developers sold by META through Meta. The initial lawsuit also listed Meta CEO Zuckerberg as the defendant.
FTC revoked allegations against Zuckerberg in August this year. According to a court document disclosed on Friday local time, FTC no longer accuses the transaction that will destroy existing competition between Meta and Within. This is except for a way to prevent the transaction. Meta said on Friday that FTC's lawsuit is still based on "ideology rather than evidence."
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