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Description

Issued order dismissing complaint against Meta/Within merger

On 24 February 2023, the Federal Trade Commission (FTC) adopted an order dismissing the complaint against Meta/Within merger. The FTC closed its case against the Meta Within merger following a court ruling finding insufficient grounds for blocking the acquisition. The FTC filed a lawsuit to block Meta's planned acquisition of Within Unlimited and its fitness application Supernatural. The company Within designs and creates virtual reality applications. In its complaint, the FTC stated that the acquisition of Within would substantially lessen competition or create a monopoly in the virtual reality fitness applications market. The FTC sought a preliminary injunction to give the agency time to issue an administrative complaint against the merger. Following the adoption of the order, the case against the Meta Within merger is closed.

Original source

Scope

Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
software provider: other software
Implementation Level
national
Government Branch
executive
Government Body
competition authority

Complete timeline of this policy change

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2022-07-27
under deliberation

On 27 July 2022, the US Federal Trade Commission (FTC) filed a lawsuit to block Meta’s planned acqu…

2023-02-09
concluded

On 9 February 2023, the Federal Trade Commission (FTC) filed an order withdrawing its complaint ask…

2023-02-24
concluded

On 24 February 2023, the Federal Trade Commission (FTC) adopted an order dismissing the complaint a…