Google buys part of HTC’s XR business for $250M
Google has agreed to acquire part of HTC's extended-reality (XR) business for $250 million, expanding its push into virtual and augmented reality hardware The deal involves transferring some of the HTC VIVE engineering staff to Google and granting non-exclusive IP rights.
Google is bulk buying HTC Vive engineers to help Android XR become a platform that can rival Meta's VR/AR dominance
Last month, Google introduced the Android XR platform in partnership with Samsung and Qualcomm, which is "a new operating system built for this next generation of computing". Now, Google has bought part of HTC Vive's engineering team, HTC Vive of course having ample experience engineering VR headsets.
Google has bought parts of another HTC division, coming years after the company acquired most of HTC's mobile unit.
Google acquires part of HTC's extended reality business for $250 million, involving transfer of staff and IP rights. Meta plans to launch AR glasses.
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