Tech Company M&A Transactions
CTRL-Labs Acquisition
CTRL-Labs, based in New York, was bought by Facebook. The exit price for CTRL-Labs was not provided.
Transaction Overview
Company Name
Acquired By
Announced On
9/24/2019
Transaction Type
M&A
Amount
Unknown
M&A Terms
The acquisition, which has not yet closed, will bring the startup into the company's Facebook Reality Labs division. CTRL-labs' CEO and co-founder Thomas Reardon, a veteran technologist whose accolades include founding the team at Microsoft that built Internet Explorer, will be joining Facebook, while CTRL-labs' employees will have the option to do the same, we are told. A report in Bloomberg said the deal was for between $500 million and $1 billion.
Company Information
Company Status
Acquired or Merged
Industry
Electronics
Mailing Address
1001 6th Ave. 5th Floor
New York, NY 10018
USA
New York, NY 10018
USA
Phone
Undisclosed
Website
Email Address
Overview
CTRL-Labs dedicates itself to answering the biggest questions in computing, neuroscience, and design so creators can dream.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Reardon
Chief Operating Officer
Benjamin Jones
Chief Scientific Officer
Patrick Kaifosh
Co-Founder
Timothy Machado
VP - Product Management
Anthony Moschella
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