Meta Has No Plans To Settle FTC’s VR Merger Challenge [Law360: Mergers & Acquisitions]

By Bryan Koenig (September 2, 2022, 7:15 PM EDT) — A Meta Platforms Inc. attorney told a Federal Trade Commission in-house judge Friday that the Facebook successor is unlikely to settle the agency’s challenge to its planned purchase of virtual reality fitness app developer Within Unlimited Inc.

Mark C. Hansen of Kellogg Hansen Todd Figel & Frederick PLLC said during a brief initial hearing that Meta has no plans to initiate settlement talks as the agency looks to block the deal over concerns Meta is trying to buy its way into the virtual reality fitness market rather than produce its own app or expand its “incidental” fitness app Beat Saber….

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