Within Unlimited Archives

Meta acquisition of Within Unlimited virtual reality company closes

02/14/202302/10/2023 L. Green

Virtual reality - Acquisition - Business

The Facebook parent company was able to win an antitrust lawsuit filed against it by the FTC. When Meta recently won an antitrust lawsuit filed against it by the Federal Trade Commission (FTC), the judge required the company to wait a week before closing its acquisition deal of virtual reality company Within Unlimited. The FTC’s lawsuit sought to stop Meta from being able to purchase Within Unlimited. Meta’s efforts to purchase the virtual reality company best known for its Supernatural fitness application were delayed by over a year as it…

Meta gains court approval to acquire virtual reality startup Within Unlimited

02/02/202302/01/2023 Jennifer Goula

Virtual reality - Approved - Meta - Court

This court decision has defeated the US Federal Trade Commission’s effort to block the purchase. Meta Platforms Inc. has received the nod from the courts to acquire Within Unlimited, a virtual reality startup. This is a defeat to the effort the US Federal Trade Commission (FTC) has made to block the purchase deal. The FTC’s preliminary injunction to block the acquisition was denied in a sealed decision yesterday. The decision was made by US District Judge Edward Davila in San Jose, California. The decision was to reject the FTC’s request…