FTC faces hurdle in stopping Meta’s purchase of VR developer Within.

The Federal Trade Commission faces setback in Meta acquisition case

A federal court denied the FTC’s request to block Meta from buying Supernatural developer Within Unlimited. The deal won’t close for at least another week as the court issued a temporary restraining order. The FTC sued Meta last July, alleging reduced competition in the virtual reality market.

Potential impact on antitrust cases

The FTC must now decide whether to move forward with its case against Meta. This decision could affect other cases, such as Microsoft’s acquisition of Activision Blizzard. President Biden appointed FTC head Lina Khan for her expertise in antitrust law, making this a potential early defeat for her.