Augmented reality startup Magic Leap is looking for a buyer.<\/p>\n\n\n\n
According to Bloomberg, sources close to the matter say the Florida-based firm could be worth more than $10 billion to the right buyer.<\/p>\n\n\n\n
This comes despite reports of layoffs at the company last year, following weaker-than-expected sales of its $2,295 Magic Leap 1 headset.<\/p>\n\n\n\n
Founded in 2010, Magic Leap has secured over $2 billion in funding from investors such as Google and Alibaba.<\/p>\n\n\n\n
Facebook is among the companies Magic Leap approached, but the talks reportedly didn’t progress. Medical giant Johnson & Johnson has also been considered, according to the Bloomberg report.<\/p>\n\n\n\n
Speaking in 2018, Magic Leap CEO Ronny Abovitz said an IPO, rather than a takeover, would be “the best thing for the creative community,” and that the company “doesn’t have to be acquired by anybody” if it can attract developers to its platform.<\/p>\n","protected":false},"excerpt":{"rendered":"
Augmented reality startup Magic Leap is looking for a buyer. According to Bloomberg, sources close to the matter say the Florida-based firm could be worth more than $10 billion to the right buyer. This comes despite reports of layoffs at the company last year, following weaker-than-expected sales of its $2,295 Magic Leap 1 headset. Founded […]<\/p>\n","protected":false},"author":9,"featured_media":1388,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[303],"class_list":["post-1387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-magic-leap"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t