Snap buys WaveOptics for its AR spectacles for $500 million
Snap buys WaveOptics for its AR spectacles for $500 million 24 May, 2021 Snap is buying an augmented reality startup, WaveOptics, for more than $500 million. WaveOptics is the supplier of the displays for its new digital spectacles glasses. The social media group will pay half the $500 million in stock under the deal. The other half will be paid in either cash or stock in two years’ time. Snapchat’s move underscores the belief of the big tech companies that consumer demand for augmented reality wearables is going to increase. Google, Apple and Facebook, are all already working on AR augm...
Source: technowize.com