FTC’s idea of preventing Meta from acquiring VR company Within was abandoned

According to the Wall Street Journal,the Federal Trade Commission(FTC)of the United States on Friday abandoned its last attempt to prevent Meta,the parent company of Facebook,from acquiring the virtual reality start-up Within.

Less than a month ago,an American judge refused to call a halt to Meta’s acquisition of the virtual reality start-up,Within.The decision of U.S.judge Edward Davila did not directly affect the challenge posed by FTC in its internal administrative court.At that time,it was not clear whether FTC would continue to promote the administrative case.

The United States antitrust law enforcement agencies usually abandon such administrative proceedings after the judge rejects the request for injunction.Both this case and the lawsuit in the United States court have received close attention,because the FTC has adopted an unusual theory of competition damage,focusing on the potential future competition of emerging industries.

The FTC sued Meta in July last year to stop the acquisition of Within,because Meta has been planning a”VR Conquest Campaign”since its acquisition of Oculus in 2014.The case opened in December last year.