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In a swipe at the Federal Trade Commission and its chairwoman Lina Khan, a federal judge ruled Wednesday that Meta Platforms (NASDAQ: META) can buy virtual reality company Within Unlimited.
Judge Edward Davila denied FTC request to block transaction, Bloomberg reportedciting people familiar with the matter.
Judge Davila delivered his opinion via a sealed decision. However, Davila suspended the deal for a week to allow the FTC to consider an appeal, the outlet added.
In July, it was reported that Khan had canceled his staff, who had recommended not to sue to stop the proposed $400 million transaction. Part of the FTC’s complaint involved Supernatural competing with Meta’s own app Beat Saber, a rhythm game where users complete goals to the beat of the music.
Meta (META) and the FTC did not immediately respond to a request for comment from Seeking Alpha.
Last month, Meta (META) delayed completing a deal to buy Within Unlimited, maker of the popular virtual reality fitness game, Supernaturalone month.
The Mark Zuckerberg-led Meta (META) announced in October 2021 that it had agreed to acquire Within Unlimited, a day after changing its corporate name from Facebook.
Meta Platforms (META) is expected to release its fourth quarter results after markets close on Wednesday.