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this afternoon, a court document shows that Facebook parent company Meta Platforms has agreed to delay the completion of the acquisition of VR company Within Unlimited.

IT House learned that Meta Platforms is an Internet technology company in the United States that operates social networking services, virtual reality, metaverse and other products. It is headquartered in Menlo Park, California, and owns Facebook, Instagram, WhatsApp and other social software; the latter's Products include fitness app Supernatural.

In July, the U.S. Federal Trade Commission (FTC) filed a lawsuit to try to block the deal and asked a judge in federal court in San Francisco to issue a temporary restraining order blocking the acquisition.

The FTC says this will help Meta on its path to a VR monopoly. Now, lawyers for the government and the company have told a federal judge in California that they have agreed that Within's acquisition won't be completed until Jan. 1, or a court ruling barring the deal.

"We are prepared to defend this deal vigorously in court, and believe the evidence will show that it benefits people, developers and the wider VR space," Meta said in a statement Friday.

"The FTC is based on ideological speculation, not evidence," said Meta attorney Nikhil Shanbhag.