FTC drops case against Meta's $400M purchase of VR fitness app maker
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The Federal Trade Commission has cried "Uncle" in its fight against Meta Platforms' (NASDAQ:META) push to take over a popular virtual-reality start-up, marking the first major loss for its chair, Lina Khan, and her antitrust focus.
The agency voted to withdraw its complaint challenging Meta's $400M acquisition of Within Unlimited, makers of popular VR fitness app Supernatural, after launching a full-court press against the transaction last year.

The FTC filed suit to block the acquisition last July, setting up a battle both in federal court and in its in-house court to put a stop to the transaction.
But a federal judge ruled against the FTC in early February, a decision the FTC elected not to appeal - leaving it with the uncommon in-house route to pursue blocking the deal.
Now that route is closed off as well, officially closing the agency's case.