Apple acquires Spaces in second VR purchase of the year: report - Business Insider

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Apple reportedly acquired VR startup Spaces as it continues its buying spree and foray into virtual and augmented reality

Accotding to Protocol, Spaces announced last week that it was "heading in a new direction," adding: "Thank you to our users and partners who participated in our awesome VR video conferencing product and the many people who enjoyed our VR location-based entertainment attractions found at theme parks, theaters, and more."Spaces built themed and location-based virtual environments and experiences, and its founders launched the company in 2016 after leaving DreamWorks Animation.

But the pandemic forced Spaces to shutter its in-person VR centers, lay off workers, and eventually take a PPP loan as the industry more broadly has suffered, Protocol reported.

 

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