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Saudi Arabia Gains Majority Stake in Magic Leap in $450M Deal

Road to VR

Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million. The investment puts the country’s ownership of Magic Leap over 50 percent, giving it overall majority control.

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Magic Leap Gets Half-billion Dollar Boost Ahead of Vision Pro Launch

Road to VR

Saudi Arabia has recently injected more than half a billion dollars into augmented reality company Magic Leap, which it hopes will rival Apple’s Vision Pro mixed reality headset. Will Magic Leap 2 be able to compete with Apple? It’s certainly worth watching.

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Magic Leap One Motion Controller Appears in FCC Filing, Suggesting 2018 Launch

Road to VR

Magic Leap One, the long-awaited AR headset from the secretive titular Florida startup, appears to be on its way to its supposed 2018 release date, as the headset’s motion controller, dubbed Control, has just hit the FCC for testing. The filing also reveals that Control is assembled in Mexico.

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Unicorn AR Startup Magic Leap is Killing Its First Headset Next Year

Road to VR

Magic Leap 1, the AR headset that helped the Plantation, Florida-based startup attract over three billion dollars in funding, will be completely defunct by late next year. The company announced this week that Magic Leap 1’s cloud services are due to be shut off on December 31st, 2024.

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Magic Leap One first impressions review: it’s not a leap, but a step

The Ghost Howls

I thought it would have taken me a lot before I would be able to try the Magic Leap One , but luckily this has not been the case. At a certain point, I asked him: “oh, you said me that you have tried Magic Leap… how is it?” The three component of the Magic Leap One. I was amazed.

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Report: Magic Leap Raising Series D Investment, Could Value Company at $6–8 Billion

Road to VR

For a company that’s showed almost no one what they’re building, Magic Leap has been phenomenally successful at fundraising. SEE ALSO New Magic Leap Videos Shows AR Shopping and Voice Control. The company has previously raised a staggering $1.4

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Magic Leap on sale starting from $2295, ships only in the US

The Ghost Howls

After a lot of words, flying whales, rock throwing guys and a lot of debates, Magic Leap has been released. Anyway, Magic Leap One will still be $700 cheaper than HoloLens … not that bad. So, around €2000 for these space glasses… (Image by Magic Leap). Control and Charger. 2 USB-C Cables.