Apple acquires VR company NextVR

Apple has acquired the virtual reality streaming platform NextVR, signaling what could be the next phase of the tech giant's plans to move into the virtual and augmented reality space. Apple has declined to disclose the amount of the deal, whereas 9to5Mac estimates the acquisition was worth $100 million. The AR glasses and headset may have VR features similar to how the HoloLens, Magic Leap One, and Windows Mixed Reality devices work.

A deal between the pair had first been reported in early April. As it typically does, the company shared its acquisition statement: "Apple buys smaller technology companies from time to time, and we generally do not discuss our goal or plans".

The acquisition may help Apple's development of VR and AR headsets with accompanying software and content. NextVR supplies content to several existing VR headsets, including Facebook Inc.'s Oculus and devices from Sony Corp., HTC Corp. and Lenovo.

The acquisition has been confirmed by Bloomberg, but no purchase price has been confirmed as Apple tends not to discuss those details.

More news: Google App Dark Mode Begins Wide Rollout To Users Today

Most of the engineers who developed NextVR are being hired by Apple. It was also stated in the report that both of the companies have begun informing employees from San Diego that they will need to relocate to Cupertino.

Next VR raised $115.5 million, according to startup tracker Crunchbase.

The company, which is located in California, is mostly known for partnerships with the National Basketball Association and Wimbledon to stream live sports from specialized cameras set up court-side to people's headsets at home. Instead of focusing on the hardware side of displaying virtual reality content, NextVR was founded around to video capture and compression to experience it in 360 degrees no matter what device the content would be viewed on.

Like this



20 May 2020
Patients who test positive for Covid-19 weeks after recovery aren't infectious
Of the 790 people that about 285 "re-infected" coronavirus patients came into contact with, none were found to be infected with the virus.

20 May 2020
Ontario Schools Won't Be Reopening
Almost half (49.6 per cent) of all confirmed cases stem from close contact with someone who has the virus. When it comes to summer school, Lecce says it will continue with new physical distancing protocols.

20 May 2020
Umbrella Academy Season 2 Premiere Date Revealed
And we tried not to change too much the approach of how to tell the story musically. If you haven't watched the first two seasons yet, we suggest you get right on that.

20 May 2020
'Jane Roe' Norma McCorvey: I Was Paid for Pro-Life Switch
The documentary feature follows the true story of McCorvey in the landmark ruling on abortion rights. I'd recommend just listening to the latest episode of Rewire.News' podcast about Roe v.

20 May 2020
Confirmed: 10% import tax on new cars from European Union
The new system maintains a 10 percent tariff on cars and levies on agricultural products like lamb, beef and poultry. Nearly all pharmaceuticals and most medical devices (including ventilators) are tariff free in the UKGT.

20 May 2020
Nearly 55,000 excess United Kingdom deaths during Covid-19 outbreak, says ONS
The figures also show that 121,002 deaths were registered in England and Wales between 21 March and 8 May 2020. This was 49,575 more deaths than the average for this period in the previous five years.

20 May 2020
J&J to stop selling talc-based baby powder in US, Canada
J&J has faced lawsuits accusing it of hiding the cancer risks tied to its talc-based version of baby powder since 2014. The product is made from pure talc, a mineral which often appears in veins alongside asbestos in the earth.

20 May 2020
BC health officials report two new coronavirus cases, three deaths
The number of long-term care homes in the province with a patient or member of staff who has tested positive is at 21. Forty-nine health centres across every health authority have begun performing elective surgeries.

20 May 2020
U.S. risks 'permanent damage' from extended shutdown: Mnuchin
Working with the Treasury, the central bank has launched unprecedented support for markets and the economy since mid-March. The program would support lending up to $600 billion, with Treasury providing $75 billion to offset any potential losses.

19 May 2020
OnePlus 8 Pro’s "X-ray vision" feature will be temporarily disabled, company apologizes
The company has equipped the 8 Pro a quad-camera setup that gets hardware and software to battle it out with the heavyweights. The sale starts at 2 pm IST and those interested can follow think link here, to buy the OnePlus 8 once the sales begin.