Categories: News

Magic Leap Wants To Avoid Takeover And Just Go Public Instead

Magic Leap Wants To Avoid Takeover And Just Go Public Instead

After literally years of speculation, last August saw the official release of the Magic Leap One. Well, technically the creator’s edition, but essentially, the headset was out and available to the public. Since the release though, news on the headset has been surprisingly thin on and the ground.  While there isn’t really enough to call it a categorical assessment, most of the early reception seems to indicate that while it is impressive, it has more than a few limitations.

There is, however, more than enough around at the moment to suggest that the seemingly endless pit of money that was thrown at the AR headset might be coming to an end. Well, either that or initial orders have proven to be exceptionally underwhelming. Such speculation isn’t helped with the fact that it is known that the company has been seeking military investment in the technology.

In a report via GamesIndustry though, further fuel is added to the fire with the CEO suggesting that the company is very resistant to a takeover.

They May Be Innocent…

In fairness, the comments made may be innocent enough. It is, after all, only logical that as a companies CEO you would want to retain creative control. Given the Facebook purchase of Oculus, which was no doubt the focus of the comments, it isn’t difficult to see what the right owner can do for a product. Particularly to take it to the next level.

Since the Facebook purchase, Oculus has now overtaken the HTC Vive as the mode widely owned VR headset. Such an investment/takeover could help the Magic Leap One. Despite that though, the CEO has suggested that the company may be more receptive to going public on the stock market.

Either option is possible. Call me crazy though, but are these perhaps early signs of issues? That the Magic Leap might be having a few cash-flow problems?

What do you think? Have you seen a Magic Leap One in action? Is so, what did you think about it? – Let us know in the comments!

Mike Sanders

Disqus Comments Loading...

Recent Posts

AMD Radeon 21.9.2 Drivers Released Getting you Game Ready for Diablo 2

Just in case you're wondering if you're suffering from a strange bout of déjà vu,…

7 hours ago

Intel i9-12900K Appears in Ashes of the Singularity Benchmarks

Although an official release date has still not yet been confirmed, it's understood that Intel…

7 hours ago

EKWB Launch its Quantum Power Bundle Magnitude X360 D-RGB

EK Water Blocks (EKWB) has announced the launch of its brand new EK-Quantum Power Bundle…

7 hours ago

Over 300 OG Xbox Prototype Games (Many Never Released) Get Posted Online!

The original Xbox is fast approaching its 20th birthday, and it certainly represents one of…

7 hours ago

Corsair Launches New M65 RGB ULTRA Gaming Mouse

CORSAIR has announced the newest entries in its world-renowned M65 lineup of high-performance gaming mice:…

7 hours ago

Valve Patents System that Allows Games to Be Played While Downloading!

While Steam undoubtedly represents one of the biggest gaming portals available on the PC platform,…

7 hours ago