Facebook is acquiring the maker of an electronic wristband that it says will allow people to share photos on its social network, click a button on their computer’s mouse, and perform other computing tasks simply by thinking about it.
Facebook on Monday said it planned to acquire CTRL-Labs, a 4-year-old startup considered a pioneer in the emerging field of “brain computing,” for an undisclosed sum. A report in Bloomberg, citing anonymous sources, said Facebook paid $500 million to $1 billion for the company.
“The vision for this work is a wristband that lets people control their devices as a natural extension of movement,” the Facebook executive Andrew Bosworth wrote in a blog post announcing the deal on Monday.