LYV - Apple Buys Virtual-Reality Startup NextVR
Apple (NASDAQ: AAPL) confirmed on Thursday that it has acquired virtual-reality (VR) specialist NextVR. The technology start-up created a platform that broadcasts live and recorded events -- including concerts and sports -- to VR headsets. The move comes just weeks after Apple acquired AI start-up Voysis.
The iPhone maker didn't disclose the terms of the deal, but issued a boilerplate statement confirming the acquisition, saying, "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans." At the same time, NextVR's website announced "NextVR is heading in a new direction." The deal is reportedly valued at about $100 million.
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