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Google buys part of HTC’s XR business for $250 million
Google has agreed to acquire a part of HTC's extended reality (XR) business for $250 million, expanding its push into virtual and augmented reality The deal involves transferring some of the HTC VIVE engineering staff to Google and granting non-exclusive IP rights.
The deal involves transferring some of the HTC VIVE engineering staff to Google and granting non-exclusive intellectual property rights, according to the Taiwanese firm. Google said the acquisition will accelerate Android XR platform development across headsets and glasses. The move comes as tech giants race to establish dominance in XR technology, with Apple and Meta maintaining their lead in the virtual reality market.
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