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Meta, US FTC clash over Within acquisition as merger trial kicks off in California

By Michael Acton ( December 8, 2022, 23:15 GMT | Insight) -- Meta and Within faced off against the US Federal Trade Commission at a federal court in San Jose this morning, with the agency accusing the tech giant of preparing to launch its own VR fitness app to rival Within’s Supernatural, but quickly mothballing the plans and buying the developer after Apple also expressed interest in buying it. But lawyers for the companies accused the FTC of overreaching and trying to kill a vertical acquisition that would bring benefits to the emerging VR ecosystem in a move that would set a worrying precedent for other such deals.Meta and Within faced off against the US Federal Trade Commission at a federal court in San Jose this morning, with the agency accusing the tech giant of preparing to launch its own VR fitness app to rival Within’s Supernatural, but quickly mothballing the plans and buying the developer after Apple also expressed interest in buying it....

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