Perfect Corp. (PERF) said late Monday it has agreed to acquire digital immersive technology company Wannaby from luxury fashion marketplace Farfetch.
The financial terms of the deal weren't disclosed.
The transaction is expected to be finalized in the coming months, subject to customary closing conditions, according to the company.
The deal will allow Perfect to expand its offerings into new luxury market segments, including shoes, bags and apparel.
Following completion, Farfetch will continue to utilize Wannaby's offerings, the company said.
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