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New Deal


Announced

Snap to acquire WaveOptics for $500m.

Financials

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Transaction Value£352m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Consumer Electronics

Majority

Pending

augmented reality

Acquisition

Friendly

Private

Single Bidder

United Kingdom

consumer electronics

Synopsis

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Snap, an American camera and social media company, agreed to acquire WaveOptics, a maker of optical systems for augmented-reality headsets, for $500m. For Snap, the purchase scoops up the maker of a key component for AR glasses in a nascent but quickly growing industry. WaveOptics will continue to supply other companies with its waveguides and work with Snap on custom optical systems.

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