Announced
Financials
Sources
Tags
Cross Border
Consumer Electronics
Majority
Pending
augmented reality
Acquisition
Friendly
Private
Single Bidder
United Kingdom
consumer electronics
Synopsis
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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