Zuckerberg will testify in a US case against Facebook’s virtual reality deal

Oct 28 (Reuters) – Meta Platforms Inc ( META.O ) Chief Executive Mark Zuckerberg will testify in a Federal Trade Commission (FTC) case arguing that the company’s proposed deal to buy virtual reality (VR) content maker Within Unlimited should be blocked.

In a court document filed in US District Court Northern District Of California on Friday, the FTC listed 1[ads1]8 witnesses it plans to question, including Zuckerberg, within CEO Chris Milk and Meta Chief Technology Officer Andrew Bosworth.

They were also on a list of witnesses provided Friday by defendants Meta and Within.

In addition to defending the Within acquisition, Zuckerberg is expected to be questioned about the Facebook parent’s strategy for its VR business, as well as the company’s plans to support third-party developers, according to the court filing.

The FTC had filed a lawsuit in July that said Meta’s acquisition of Within would “tend to create a monopoly” in the VR-dedicated fitness app market.

The regulator claims the proposed deal would “significantly lessen competition or tend to create a monopoly” in that market. read more

Meta has argued in court filings that “the FTC’s conclusory, speculative and contradictory allegations do not plausibly plead any facts to establish that any purported market for VR Deliberate Fitness apps is ‘oligopolistic’ in either conduct or structure.” read more

Facebook agreed to buy Within in October 2021 for an undisclosed sum.

Reporting by Ismail Shakil in Ottawa; Editing by Aurora Ellis

Our standards: Thomson Reuters Trust Principles.

Source link

Back to top button

mahjong slot