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FTC files slimmed-down complaint in fight with Meta over Within acquisition

Channel News Asia LogoChannel News Asia2 mo ago

FTC files slimmed-down complaint in fight with Meta over Within acquisition - Channel News Asia

Quick Summary:

WASHINGTON : Antitrust enforcers who have asked a federal judge to stop Facebook parent Meta Platforms Inc from buying virtual reality content maker Within filed a shorter version of their complaint on Friday.

One of these apps is Within's Supernatural, which is available only on Meta's VR devices.

It argues that the proposed deal would "substantially lessen competition or tend to create a monopoly" in that market.


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FTC files slimmed-down complaint in fight with Meta over Within acquisition - Channel News Asia (Picture 1)

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-08 @ 05:46:36 (2 months ago)

News Timezone: GMT +8:00

Ranking: #340 (out of 2155 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 276 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 790294

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 71 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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  • URL: https://beamstart.com/news/ftc-files-slimmed-down-complaint-16651810361733

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