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Benzinga
Benzinga
Business
Anusuya Lahiri

Meta Acquires ImagineOptix For Undisclosed Sum

  • Meta Platforms Inc (NASDAQ:FB) has acquired ImagineOptix, the Information reports.
  • The financial terms of the transaction remain undisclosed.
  • ImagineOptix is a North Carolina-based startup specializing in liquid crystal lenses that could be instrumental in reducing the size of VR headsets.
  • Meta, formerly Facebook, is the world's largest online social network, with 2.5 billion monthly active users.
  • Price Action: FB shares traded lower by 1.37% at $329.61 on the last check Wednesday.
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