Breaking News

Gigabyte announces X870 and B850 AORUS STEALTH ICE Samsung Launches Odyssey G6 World’s First 500Hz OLED Gaming Monitor Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability Razer announces Clio Chair Accessory for Audio Immersion Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Magic Leap is on Sale, Bloomberg Says

Magic Leap is on Sale, Bloomberg Says

Enterprise & IT Mar 12,2020 0

Magic Leap Inc., the startup that raised more than $2 billion to build an augmented-reality device, is exploring options including a sale, according to Bloomberg.

The company is working with an adviser to consider strategic options that could also include forming a partnership or selling a significant stake ahead of a potential listing, the report claims.

Magic Leap, which counts Alphabet Inc.’s Google and Alibaba Group Holding Ltd. among its largest investors, is gauging potential interest from large tech companies including Facebook Inc. and medical giant Johnson & Johnson.

However, an initial meeting between Facebook and Magic Leap never progressed to deal talks, according to Bloomberg. Facebook is developing its own virtual reality headsets.

Representatives for Magic Leap declined to comment.

AR hardware may be limited to enterprise uses for the next several years. This means that whoever buys Magic Leap needs to have the financial capacity to carry the products through as AR is still evolving.

The Magic Leap 2 product is expected to be released next year, and Magic Leap hopes that it could help it build a consumer presence.

Tags: Magic LeapAugmented reality
Previous Post
Ming-Chi Kuo Expects New Apple MacBook Models to Launch in 2Q20
Next Post
All Twitter Employees Are Now Working From Home

Related Posts

  • New 10.8-inch iPad and 9-inch iPad Mini Coming Soon Analyst Says

  • Magic Leap Announces Major Reconstructing, Exits Consumer Business

  • Qualcomm Accelerates XR Headset Development with the new Qualcomm Snapdragon XR2 5G Reference Design

  • Facebook's Scape Acquisition Could Signal Move to Location and AR

  • Chrome 81 Adds Near Field Communications, Augmented Reality

  • Google Glass Enterprise Edition 2 AR Headset Now Available for Developers

  • The AR Cloud Promises Future Proof AR Use Cases, but Needs Help from Enabling Technologies

  • Facebook is Working on AR Hardware and Operating System

Latest News

Gigabyte announces X870 and B850 AORUS STEALTH ICE
PC components

Gigabyte announces X870 and B850 AORUS STEALTH ICE

Samsung Launches Odyssey G6 World’s First 500Hz OLED Gaming Monitor
Gaming

Samsung Launches Odyssey G6 World’s First 500Hz OLED Gaming Monitor

Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability
Smartphones

Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability

Razer announces Clio Chair Accessory for Audio Immersion
Consumer Electronics

Razer announces Clio Chair Accessory for Audio Immersion

Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go
PC components

Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Rock 5

be quiet! Dark Rock 5

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed