M&A Deal Summary

Facebook Acquires CTRL-labs

On September 23, 2019, Facebook acquired technology hardware company CTRL-labs for 500M USD

Acquisition Highlights
  • This is Facebook’s 3rd transaction in the Technology Hardware sector.
  • This is Facebook’s 5th largest (disclosed) transaction.
  • This is Facebook’s 55th transaction in the United States.
  • This is Facebook’s 6th transaction in New York.

M&A Deal Summary

Date 2019-09-23
Target CTRL-labs
Sector Technology Hardware
Buyer(s) Facebook
Deal Type Add-on Acquisition
Deal Value 500M USD

Target

CTRL-labs

New York, New York, United States
CTRL-labs is developing a non-invasive neural interface platform that lets developers reimagine the relationship between humans and machines with new, intuitive control schemes.

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Buyer(S) 1

Buyer

Facebook

Menlo Park, California, United States

Category Company
Founded 2004
Sector Internet Software and Services
Employees74,067
Revenue 164.5B USD (2024)
DESCRIPTION
Entrance to Facebook's corporate headquarters in Menlo Park, California.
Entrance to Facebook's corporate headquarters in Menlo Park, California.

Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.


DEAL STATS #
Overall 73 of 88
Sector: Technology Hardware M&A 3 of 3
Type: Add-on Acquisition M&A Deals 71 of 84
State: New York M&A 6 of 9
Country: United States M&A 55 of 65
Year: 2019 M&A 2 of 3
Size (of disclosed) 5 of 13
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DATE TARGET DEAL TYPE VALUE
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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