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Meta Calls FTC Suit to Block VR Fitness Deal ‘Ill-Conceived’ (1)

Oct. 13, 2022, 9:31 PM

Meta Platforms Inc. urged a judge to reject the US Federal Trade Commission’s attempt to block the company’s acquisition of virtual reality app Within Unlimited, saying the agency’s claims about competition in the area are based on “pure speculation.”

Meta argued the FTC hasn’t laid out the elements to show the deal announced in October 2021 would hurt potential competition in a still-young VR fitness space, according to a court filing Thursday. The company’s argument to US District Judge Edward Davila follows the FTC’s move last week to narrow its rationale for blocking the deal.

The FTC’s newly amended complaint ...