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Meta Platforms agrees to delay closing Within deal given U.S. challenge

WASHINGTON (Reuters) - Meta Platforms, the parent of Facebook (NASDAQ:META) which is making a big play for virtual reality, has agreed to delay closing its deal for Within...
Meta Platforms agrees to delay closing Within deal given U.S. challenge © Reuters. FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022.

WASHINGTON (Reuters) - Meta Platforms, the parent of Facebook (NASDAQ:META) which is making a big play for virtual reality, has agreed to delay closing its deal for Within Unlimited, maker of the popular fitness app "Supernatural," according to a court filing.

The Federal Trade Commission had filed a lawsuit seeking to stop the deal in July, and had asked a judge in federal court in San Francisco for a temporary restraining order stopping the companies from closing the deal.

In a joint court filing on Thursday, Meta agreed not to close until 11:59 p.m. on Dec. 31 or until the first business day after the judge decides whether the case may go forward.

The FTC, which voted 3-2 on whether to file the lawsuit, called Facebook a "global technology behemoth," noting its ownership of popular apps including Instagram, Messenger and WhatsApp, and said its "campaign to conquer VR" began in 2014 when it acquired Oculus, a VR headset manufacture

Facebook, which agreed to buy Within in October 2021 for an undisclosed sum, said when the lawsuit was filed that the FTC case was "based on ideology and speculation, not evidence."

The FTC argued in its complaint that the planned acquisition was a way for Meta to dominate virtual reality.

Meta already has the best-selling VR headset, the Quest 2, and controls a Meta Quest Store with hundreds of apps. Within, founded in 2014, creates original content for virtual reality. It describes itself as "the premier destination for cinematic virtual reality."

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19-08-2022 15:57:15 (UTC+7)

EUR/USD

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EUR/USD

1.0084

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GBP/USD

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USD/JPY

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AUD/USD

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USD/CAD

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EUR/JPY

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EUR/CHF

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Gold Futures

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Copper Futures

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US Coffee C Futures

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Euro Stoxx 50

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S&P 500

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DAX

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FTSE 100

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US Small Cap 2000

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IBEX 35

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BASF SE NA O.N.

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Bayer AG NA

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Allianz SE VNA O.N.

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Adidas AG

165.99

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Deutsche Lufthansa AG

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 EUR/USD1.0084↑ Buy
 GBP/USD1.1886Neutral
 USD/JPY136.51Neutral
 AUD/USD0.6905↑ Buy
 USD/CAD1.2978Buy
 EUR/JPY137.66Buy
 EUR/CHF0.9654Buy
 Gold1,766.95↑ Buy
 Silver19.152↑ Buy
 Copper3.6240↑ Buy
 Crude Oil WTI89.22Sell
 Brent Oil95.22↑ Sell
 Natural Gas9.072↑ Sell
 US Coffee C215.93↑ Buy
 Euro Stoxx 503,747.85Neutral
 S&P 5004,283.74Sell
 DAX13,580.65Buy
 FTSE 1007,533.60↑ Buy
 Hang Seng19,772.50Neutral
 Small Cap 20002,000.73↑ Buy
 IBEX 358,349.25↑ Sell
 BASF43.355Neutral
 Bayer53.28Sell
 Allianz175.61↑ Sell
 Adidas165.99↑ Buy
 Lufthansa6.313↑ Sell
 Siemens AG109.33Neutral
 Deutsche Bank AG8.600↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
(0/ 0) # 1,725
SJC HCM6,620/ 6,720
(0/ 0) # 1,745
SJC Hanoi6,620/ 6,722
(0/ 0) # 1,747
SJC Danang6,620/ 6,722
(0/ 0) # 1,747
SJC Nhatrang6,620/ 6,722
(0/ 0) # 1,747
SJC Cantho6,620/ 6,722
(0/ 0) # 1,747
Cập nhật 19-08-2022 15:57:18
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Ngoại tệMua vàoBán ra
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EUR22.981,7524.268,73
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KRW15,2618,59
Cập nhật lúc 15:49:08 19/08/2022
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