In August, Meta agreed not to close the deal until December 31 at 11:59 p.m. ET. (File)
Facebook parent Meta Platforms does not expect to seal its acquisition deal with Unlimited, the maker of popular fitness app “Supernatural,” before January 31, according to a court filing from Tuesday.
Meta has agreed to shut down for a month or so before the court rules on the US Federal Trade Commission’s (FTC) preliminary injunction trial, according to a filing in the United States District Court for the Northern District of California.
In August, Meta agreed not to close the deal until December 31 at 11:59 p.m. ET.
The FTC filed a lawsuit in July to block the deal, calling Facebook a “global technology behemoth” noting its ownership of popular apps including Instagram, Messenger, and WhatsApp that “enable VR ( The campaign to conquer (virtual reality)” began. in 2014 when it acquired VR headset maker Oculus.
The FTC filed a slimmed-down complaint in October against the merger, focusing on the VR-dedicated exercise app market and removing charges related to the broader VR fitness app market.
Meta already has its best-selling VR headset, the Quest 2, and controls the Meta Quest Store with hundreds of apps. Within Unlimited, founded in 2014, creates original content for virtual reality. It describes itself as “the premier destination for cinematic virtual reality”.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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