Google buys a part of HTC’s Vive XR workforce for $250 million

Google has purchased part of HTC’s workforce running on Vive and different XR stuff for a fab $250 million in money. This quantity additionally grants Google a non-exclusive license for HTC’s XR highbrow belongings.

This, HTC says, will pressure the expansion of the nonetheless very nascent XR ecosystem. Following the deal, Google and HTC will “discover long run collaboration alternatives”.

For Google, this “is helping to additional support its dedication to the Android XR platform and its acceleration around the headset and glasses ecosystem, which can assist pressure the XR trade”, in keeping with HTC’s respectable press unlock. And for HTC itself, this may increasingly allow “a extra streamlined product portfolio with a focal point on platforms, higher operational potency and monetary flexibility”.

The deal is topic to “normal final prerequisites” and is predicted to near through the tip of March.

Google introduced Android XR in December, a devoted OS for VR and XR headsets, and Samsung has simply showcased its first such product, codenamed Challenge Moohan.

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