Snap to Acquire British AR Company For Over $500M: The Verge
By Tarikul in Business
Updated 3 years ago
Snap Inc (NYSE: SNAP) will acquire British augmented reality (AR) technology company, WaveOptics Ltd, for a purchase price of over $500 million, The Verge reports. It will pay half the purchase price in stock at closing and the other half in either cash or stock in two years. Snap is...