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Google buys a part of HTC’s Vive VR group for $250 million

January 23, 2025
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Google is paying HTC $250 million in money for a deal that may give the larger firm's plans for Android XR a lift. Beneath the phrases of their settlement, some members of the HTC Vive engineering group can be becoming a member of Google, which describes them as an "extremely sturdy technical group with a confirmed monitor document within the VR area." HTC launched the buyer model of its first Vive VR headset, designed in partnership with Valve, again in 2016. Final 12 months, it launched the Vive Focus Imaginative and prescient greater than a 12 months after it launched its first standalone headset for customers, the Vive XR Elite.

Along with absorbing sure Vive group members, Google can even get a non-exclusive license to make use of HTC'S prolonged actuality applied sciences. HTC can nonetheless use its personal IPs, and it vows to proceed growing and supporting its XR headsets. The businesses can even "discover future collaboration alternatives." Google says the deal will assist "its acceleration throughout the headset and glasses ecosystem." The corporate laid out its imaginative and prescient for a unified Android XR ecosystem in December, which can span a spread of digital and combined actuality headsets and glasses. We're certain to see the primary Android XR gadgets this 12 months, together with one codenamed Undertaking Moohan from a Google-Samsung collaboration.

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Google's and HTC's settlement continues to be topic to customary closing circumstances and can be finalized someday this primary quarter.

This text initially appeared on Engadget at https://www.engadget.com/big-tech/google-buys-part-of-htcs-vive-vr-team-for-250-million-130046567.html?src=rss

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Disclaimer: Information found on cryptoreportclub.com is those of writers quoted. It does not represent the opinions of cryptoreportclub.com on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
cryptoreportclub.com covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023-2025 Cryptoreportclub. All Rights Reserved