The amount of the deal was not disclosed.
Andrew Bosworth, VP of AR/VR at Facebook, explained the acquisition via a post:
The team, comprised of Thomas Reardon, PhD, CEO, & Co-Founder, Patrick Kaifosh, PhD, CSO, & Co-Founder, Tim Machado, and Ben Jones, COO, will be joining the Facebook Reality Labs team to build the technology, at scale.
This is their message:
Today we’re thrilled to share that Facebook has agreed to acquire CTRL-labs. Our team is excited to join @boztank and his group Facebook Reality Labs to empower people with non-invasive neural interfaces at scale. https://t.co/b5w8ks62Sj
— CTRL-labs (@CTRLlabsCo) September 23, 2019