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Magic Leap reportedly exploring a sale after raising over $2.6 billion - Business Insider

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Magic Leap, the hyped-up smart-glasses startup that raised over $2.6 billion from investors like Google, is reportedly exploring a sale

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.

 

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