Meta To Delay Closing Within Unlimited Deal by One Month
Facebook parent Meta does not expect to seal its acquisition deal with Within Unlimited, maker of the popular fitness app "Supernatural", before Jan. 31, according to a court filing from Tuesday. From a report: Meta has agreed to push back the closing by one month or until the first day after the court rules on U.S. Federal Trade Commission's (FTC) preliminary injunction trial, according to the filing with the United States District Court for the Northern District Of California. In August, Meta had agreed not to close the deal until 11:59 p.m. on Dec. 31. The FTC had filed a lawsuit seeking to stop the deal in July, calling Facebook a "global technology behemoth," noting its ownership of popular apps including Instagram, Messenger and WhatsApp, and said its "campaign to conquer VR (virtual reality)" began in 2014 when it acquired Oculus, a VR headset manufacturer.
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