FTC Loses Antitrust Challenge to Facebook Parent Meta

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FTC Loses Antitrust Challenge to Facebook Parent Meta
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The FTC has lost an antitrust case seeking to block Meta's acquisition of a virtual-reality startup, a person familiar with the ruling said

WASHINGTON—A federal judge declined to halt Meta Platforms Inc.’s acquisition of the virtual-reality startup Within Unlimited, deliveringat the Federal Trade Commission seeking to block the deal, a person familiar with the ruling said.

In a sealed court decision issued overnight, U.S. District Judge Edward Davila in San Jose, Calif., denied the FTC’s request for an injunction blocking the proposed merger, the person said.

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