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UPDATE 1-U.S. sues to stop Facebook from buying virtual reality firm Within

UPDATE 1-U.S. sues to stop Facebook from buying virtual reality firm Within

Reuters · 07/27/2022 14:12
UPDATE 1-U.S. sues to stop Facebook from buying virtual reality firm Within

Adds quotes from complaint, details on Within

By Diane Bartz

- The U.S. Federal Trade Commission asked a court on Wednesday to temporarily stop Facebook parent Meta Platforms META from buying virtual reality content maker Within Unlimited, according to a court filing.

The FTC, which filed an unrelated antitrust lawsuit against Facebook in 2020, argued in the document filed on Wednesday that Facebook is a "global technology behemoth," it owns a of popular apps, including Instagram, Messenger and WhatsApp.

The agency argued that the acquisition of Within by Facebook would "tend to create a monopoly" in the market for virtual reality-dedicated fitness apps. Within has a popular fitness app called "Supernatural." Facebook agreed to buy Within in 2021.

Facebook did immediately respond to requests for comment.

Within, founded in 2014, creates original content for virtual reality. It describes itself as "the premier destination for cinematic virtual reality."

Investors include venture capital firm Andreessen Horowitz, investment company Temasek, and movie makers like Disney, 21st Century Fox, Annapurna Pictures and Legendary Pictures, its website says.



(Reporting by Diane Bartz; Editing by Leslie Adler)

((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;))