Magic Leap, an augmented reality startup that has raised more than $2.6 billion from investors, is exploring a potential sale, BloombergThe report said that Magic Leap is exploring a range of options that include partnerships and a potential public listing, while hoping to fetch a valuation of around $10 billion if it ends up selling. Early talks with Facebook never developed into a formal sale process, Bloomberg reported.
Magic Leap has been able to secure extensive funding from major investors like Google and Alibaba, helping finance the research and development that led to the release in 2018 of the Magic Leap One — a pair of smart goggles that project digital imagery over the real world, much like Microsoft's pioneering HoloLens headset.
How fast can they pivot to face masks?
The write downs must have happened two years ago.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Founders Fund's COO on how she raised $1.5 billion for the growth fund - Business InsiderThe woman who has raised billions for Peter Thiel's investment funds over the last 15 years reveals her strategy for getting outside investors to write checks into Founders Fund's biggest fund yet
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »