Apple

Apple Buys VR Startup Spaces 

Apple is acquiring Spaces, a virtual reality firm that recently pivoted from creating theme park attractions to bringing traditional video conferencing software to VR headsets.

Spaces was created in 2016 by DreamWorks Animation veterans and the startup has been developing VR products since then, including a Zoom add-on that allowed users to hold virtual reality video conferencing using animated avatars.

The company discontinued all its services last week without further details. The official Spaces website just mentions that the startup is now “heading in a new direction.”

“Thank you to our users and partners who participated in our awesome VR video conferencing product and the many people who enjoyed our VR location-based entertainment attractions found at theme parks, theaters, and more.”

Apple confirmed the acquisition of Axios with the statement it usually offers in such cases. “Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.”

Full Content: Axios

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.