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Wireless

HTC buys 15% stake in VR provider WEVR for USD 10 mln

Friday 31 July 2015 | 11:39 CET | News
HTC has acquired a 15 percent stake in Los Angeles-based virtual reality (VR) application provider WEVR for USD 10 million, according to a statement submitted to the Taiwan Stock Exchange. The investment follows HTC's recent unveiling of Vive, a VR headset, which is being showcased in a tour that started in San Diego on 09 July. WEVR helps developers create VR content and also runs a grant programme called OnWEVR. HTC is set to launch Vive in November, according to VR Focus.

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Categories: Mobile & Wireless
Companies: HTC
Countries: World
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