Cork, Ireland-based tech startup InfiniLED, a spin-out from research centre Tyndall National Institute, has been acquired by the Facebook-owned virtual reality company Oculus in a reportedly "multi-million euro deal".

The deal clears the way for InfiniLED's low-power display technology to be integrated into Oculus’s VR flagship products, such as the Rift headset.

Oculus was itself acquired by Facebook for about $2 billion in March 2014.

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