Facebook to buy brain science start-up CTRL-labs; report says deal worth $1 billion

Facebook Inc said on Monday it bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC said was valued at $1 billion.

Facebook Vice President of AR/VR Andrew Bosworth announced the deal in a Facebook post. http://bit.ly/2mhN3q0

CTRL-labs will join Facebook Reality Labs team, Bosworth said, without giving any financial details.