CosmicTaco

Google Acquires HTC's XR Unit for $250 Million

CosmicTaco · 2025-01-23T11:23:15.024966+05:30

- Google is acquiring part of HTC's extended reality (XR) business for $250 million to enhance its virtual and augmented reality hardware. - The deal transfers some HTC VIVE engineering staff to Google and grants non-exclusive IP rights, while HTC retains usage rights. - This marks Google's second major deal with HTC, aiming to accelerate Android XR platform development amidst competition from Apple and Meta. Source: [TechCrunch](https://techcrunch.com/2025/01/22/google-buys-part-of-htc-virtual-reality-unit-for-250-million/)

Google is acquiring part of HTC's extended reality (XR) business for $250 million to enhance its virtual and augmented reality hardware.
The deal transfers some HTC VIVE engineering staff to Google and grants non-exclusive IP rights, while HTC retains usage rights.
This marks Google's second major deal with HTC, aiming to accelerate Android XR platform development amidst competition from Apple and Meta.

Source: TechCrunch