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US FTC sues to block Meta acquisition of Within, citing protection of virtual reality fitness apps market

By Curtis Eichelberger ( July 27, 2022, 19:48 GMT | Insight) -- The US Federal Trade Commission has asked a California court for a temporary restraining order and preliminary injunction to prevent Meta, which makes virtual reality devices and applications in the US, from acquiring Within, a software company that develops apps for VR devices. The government says if they are allowed to merge, it will substantially lessen competition, or tend to create a monopoly, in the market for VR dedicated fitness apps and the broader market for VR fitness apps.The US Federal Trade Commission has asked a California court for a temporary restraining order and preliminary injunction to prevent Meta, which makes virtual reality devices and applications in the US, from acquiring Within, a software company that develops apps for VR devices....

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