Meta One Step Nearer To Finishing Supernatural Acquisition

This week Meta Platforms made it one step nearer to efficiently buying Inside, the studio behind health service Supernatural, in keeping with a report by Bloomberg.

The USA Federal Commerce Fee’s effort to dam the deal hit a snag with Bloomberg reporting that US District Choose Edward Davila delivered a sealed determination that “denied the FTC’s request for a preliminary injunction to dam the proposed transaction whereas the [FTC] pursues a separate case in its in-house courtroom”. The FTC has been investigating Meta’s aggressive practices and first opened an antitrust probe into the Inside acquisition in late 2021.

In July 2022, the FTC sought an injunction to stop Meta Platforms from buying Inside, stating that the acquisition would “considerably reduce competitors, or are inclined to create a monopoly, within the related marketplace for VR devoted health apps.” Bloomberg additionally stories that Davila “individually issued a brief restraining order pausing Meta from closing the transaction for per week whereas the FTC decides whether or not to attraction his ruling.”

UploadVR reached out to Meta for an announcement however acquired no response.


Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here