Augmented Reality startup Magic Leap is exploring options of even the possibility of a sale.
The Florida-based company has big names like Alphabet’s Google and Alibaba Group Holdings as its investors. A sale, if pursued, could fetch Magic Leap over $10 billion.
Magic Leap is responsible for making lightweight, wearable computers with AR features called Magic Leap One responsible to create lifelike virtual objects.
The company is working alongside an adviser to weigh out strategic options like forming a partnership or the sale of significant stake before a potential listing.
In February, Facebook warned that production of its VR headset Oculus may face a hit from the coronavirus outbreak.
At this moment, Facebook is not interested in acquiring Magic Leap.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.