06-01-2019, 08:34 PM
Report: VR/AR company Leap Motion sold to UltraHaptics for $30 million
<div style="margin: 5px 5% 10px 5%;"><img src="http://www.sickgaming.net/blog/wp-content/uploads/2019/05/report-vr-ar-company-leap-motion-sold-to-ultrahaptics-for-30-million.jpg" width="200" height="200" title="" alt="" /></div><div><p><strong>Newsbrief: </strong>Leap Motion, the AR and VR technology company behind the open-source North Star AR headset, has reportedly been purchased by the UK-based firm UltraHaptics for $30 million.</p>
<p>Sources familiar with the matter disclosed the sale to <a href="https://www.wsj.com/articles/leap-motion-once-a-virtual-reality-high-flier-sells-itself-to-u-k-rival-11559210520">The Wall Street Journal</a>, though the acquisition has yet to be officially announced. Leap Motion’s engineering staff and co-founder Dave Holz will reportedly join UltraHaptics following the sale, while co-founder Michael Buckward is said to be leaving the company. </p>
<p>The Wall Street Journal also notes that Leap Motion’s $30 million price tag is roughly a tenth of the company’s valuation from only a few years back. Further back, Apple had reportedly tried to make an offer for the company as well. According to <a href="https://9to5mac.com/2019/05/30/leap-motion-apple-sells/">9 to 5 Mac</a>, the iPhone maker approached Leap Motion as recently as 2018 and offered between $30 million and $50 million for the company, but the deal fell through.</p>
</div>
<div style="margin: 5px 5% 10px 5%;"><img src="http://www.sickgaming.net/blog/wp-content/uploads/2019/05/report-vr-ar-company-leap-motion-sold-to-ultrahaptics-for-30-million.jpg" width="200" height="200" title="" alt="" /></div><div><p><strong>Newsbrief: </strong>Leap Motion, the AR and VR technology company behind the open-source North Star AR headset, has reportedly been purchased by the UK-based firm UltraHaptics for $30 million.</p>
<p>Sources familiar with the matter disclosed the sale to <a href="https://www.wsj.com/articles/leap-motion-once-a-virtual-reality-high-flier-sells-itself-to-u-k-rival-11559210520">The Wall Street Journal</a>, though the acquisition has yet to be officially announced. Leap Motion’s engineering staff and co-founder Dave Holz will reportedly join UltraHaptics following the sale, while co-founder Michael Buckward is said to be leaving the company. </p>
<p>The Wall Street Journal also notes that Leap Motion’s $30 million price tag is roughly a tenth of the company’s valuation from only a few years back. Further back, Apple had reportedly tried to make an offer for the company as well. According to <a href="https://9to5mac.com/2019/05/30/leap-motion-apple-sells/">9 to 5 Mac</a>, the iPhone maker approached Leap Motion as recently as 2018 and offered between $30 million and $50 million for the company, but the deal fell through.</p>
</div>