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

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

In a court document filed Friday with the U.S. District Court for the Northern District of California, the FTC listed 18 witnesses it plans to interview, including Zuckerberg, Within CEO Chris Milk and Meta Chief Technology Officer Andrew Bosworth.

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

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

The FTC filed a lawsuit in July claiming that Meta’s acquisition of Within “would tend to create a monopoly” in the virtual reality fitness app market.

The regulator argues that the proposed deal would “significantly reduce competition or tend to create a monopoly” in this market. Read more

Meta, in court papers, argued that “the FTC’s conclusive, speculative, and contradictory allegations plausibly plead no facts to establish that any purported market for Deliberate Fitness VR applications is ‘oligopolistic’ that it stands. act of behavior or structure”. Read more

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

Reporting by Ismail Shakil in Ottawa; Editing by Aurora Ellis

Our standards: The Thomson Reuters Trust Principles.

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