Snap Buys Ar Display Firm WaveOptics For $500 Million, Its Biggest Acquisition To Date
Snap has purchased Ar display supplier WaveOptics for more than $500 million, marking its largest acquisition to date. Snap is paying for half of WaveOptics stock now, and in two years will pay the remainder in either cash or stock.
WaveOptics supplied the displays that power Snap’s just-announced fourth generation Spectacles, reports The Verge. WaveOptics specializes in display technology that overlays virtual objects onto the real world using transparent surfaces and light projectors. After the acquisition, WaveOptics will continue to provide its tech -- called waveguides -- to other companies, while working with Snap on custom systems, per The Verge.
Among other announcements at its Partner Summit yesterday, Snap confirmed the latest incarnation of its Spectacles smart glasses product, which it doesn’t plan to sell widely but is testing among a small group of Ar effects creators.
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WaveOptics supplied the displays that power Snap’s just-announced fourth generation Spectacles, reports The Verge. WaveOptics specializes in display technology that overlays virtual objects onto the real world using transparent surfaces and light projectors. After the acquisition, WaveOptics will continue to provide its tech -- called waveguides -- to other companies, while working with Snap on custom systems, per The Verge.
Among other announcements at its Partner Summit yesterday, Snap confirmed the latest incarnation of its Spectacles smart glasses product, which it doesn’t plan to sell widely but is testing among a small group of Ar effects creators.
Visit Tubefilter for more great stories.
- 21/05/2021
- di Geoff Weiss
- Tubefilter.com
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