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Announced

ByteDance to acquire VRPico Interactive for $775m.

Financials

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Transaction Value£563m
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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VR technology

Majority

Private

Acquisition

United States

Single Bidder

Electronic Components and Equipment

Friendly

Cross Border

Pending

Synopsis

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ByteDance, a Chinese multinational internet technology company, agreed to acquire VRPico Interactive, one of the worlds largest makers of VR headsets, for $775m. "Pico’s comprehensive suite of software and hardware technologies, as well as the talent and deep expertise of the team, will support both our entry to the VR space and long-term investment in this emerging field," ByteDance.

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