Meta spoke with artificial intelligence startup Runway about a potential takeover ahead of its multibillion-dollar investment in Scale AI, CNBC confirmed on Monday.
Runway is best known for its AI video generation tools and earned a spot on CNBC's Disruptor 50 list earlier this month.
The deal talks between Meta and Runway did not progress far and dissolved, according to a person familiar with the matter who asked not to be named due to the confidential nature of the discussions.
Bloomberg earlier reported the talks. Meta declined to comment.