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https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ1N0VF_L.jpgThe FTC sued Meta in July to stop the Within deal, arguing that Meta’s purchase would reduce competition in a new market. The deal for Within, which makes the Supernatural fitness workouts, was reportedly worth about $400 million.
Judge Edward Davila of the U.S. District Court for the Northern District of California rejected the FTC’s concerns, and declined to order a preliminary injunction. The FTC did not appeal, and the deal closed in February.
The FTC’s effort had been seen as a test of the agency’s ability to prevent Meta from acquiring small would-be rivals.