Technology
Snap Doubles Down on Its Smart Glasses Line, Buys AR Display Supplier for More Than $US500 ($641) Million – Gizmodo Australia
Snap is going all-in on its augmented reality smart glasses whether consumers want them or not. Right after announcing the latest generation of its Spectacles line,…
Snap is going all-in on its augmented reality smart glasses whether consumers want them or not. Right after announcing the latest generation of its Spectacles line, news surfaced that Snap has agreed to acquire WaveOptics, which supplies the AR displays powering its frames, for more than $US500 ($641) million, the Verge reported Friday.
In an emailed statement to Gizmodo, Snap confirmed the deal is worth over $US500 ($641) million in cash and stock, with roughly half paid upfront in stock. The remainder…
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