Benzinga | Dec 22, 2021 01:35PM EST

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.