After a month-long silence from both Apple and NextVR, it has been confirmed that Apple has taken over the virtual reality start-up to add to VR capabilities in its products.
Apple confirmed the acquisition of NextVR, a California-based start-up. Additionally, NextVR is running an interesting note about the acquisition on its website that reads “Heading in a New Direction.”
NextVR also shared a vote of thanks with all its partners and fans across the globe for being supportive and playing an essential role in building this splendid platform for sports, entertainment, and music experiences created in virtual reality.
More about the deal
No official announcement of the deal price has been made in the media. However, when the deal was rumored in March, the price estimated was USD 100 million.
As reported by Bloomberg, NextVR plans to completely shut down on the event of being entirely absorbed by Apple.
Earlier, when 9to5Mac reported about the acquisition plans, neither Apple nor NextVR did not voice any opinion on the news.
Additionally, Apple also made a statement to Bloomberg then that read, “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
As of now, it is not clear how Apple plans to use NextVR’s specialty. However, the company is reported to be working on a pair of AR glasses along with a certain type of headset. It is also said that either of the two devices might have elements that are quite like the HoloLens, Windows Mixed Reality, and Magic Leap One operate.
Apple isn’t too vocal about its plans with the newly acquired VR expertise player. But the grand purchase of NextVR helps us guess that the company has something exciting in store for the world.