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Meta Platforms, Inc./Mark Zuckerberg/Within Unlimited, FTC v.

The Federal Trade Commission authorized a lawsuit in federal court to block the proposed merger between virtual reality (VR) giant Meta and Within Unlimited, the VR studio that markets Supernatural, a leading VR fitness app. Formerly known as Facebook Inc., Meta sells the most widely used VR headset, operates a widely used VR app store, and already owns many popular VR apps, including Beat Saber, reportedly one of the best-selling VR apps of all time, which it markets for fitness use. The agency alleges that Meta’s proposed acquisition of Within would stifle competition and dampen innovation in the dynamic, rapidly growing U.S. markets for fitness and dedicated-fitness VR apps. A federal court complaint and request for preliminary relief was filed in U.S. District Court for the Northern District of California to halt the transaction.

Type of Action
Federal
Last Updated
FTC Matter/File Number
221 0040
Docket Number
3:22-CV-04325
Case Status
Pending
Oct23

FTC Hearing #4: Innovation and Intellectual Property Policy

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The Federal Trade Commission held the fourth session of the Hearings initiative with two full-day sessions held at the FTC’s Constitution Center facilities in Washington, D.C. on October 23-24, 2018...

Intellectual Ventures I LLC et al. v. Capital One Financial Corp. et al.

Date
Citation Number
18-1367
Federal Court
U.S. Circuit Court of Appeals for the Federal Circuit
This amicus brief, filed jointly with the Department of Justice, addresses the scope of the Noerr-Pennington doctrine and argues that the doctrine does not exempt from antitrust scrutiny the unlawful...