Snapchat Secretly Purchased Smart Glasses Company, Sony Hack Reveals




/ 9 years ago

smart glasses

Leaked documents from the recent Sony hack have revealed that Snapchat secretly purchased Vergence Labs, a manufacturer of smart glasses, for $15 million earlier this year. A number of e-mails from the inbox of Sony Entertainment CEO Michael Lynton, also a member of Snapchat’s board, discuss the deal, worth $11 million cash and $4 million in Snapchat stock.

Vergence Labs are responsible for a brand of smart glasses called Epiphany Eyewear. The black-framed glasses can shoot POV video, uploaded to cloud storage via WiFi. Prices range between $300 and $500, offering 8GB, 16GB, and 32GB models.

The deal to buy the company was thought to be hurried due to Vergence Labs suffering financial difficulties; documents show that Snapchat loaned Vergence $2 million shortly before the acquisition. Had news of the deal not leaked in this manner, it is unclear if and when Snapchat would have announced it.

Source: The Verge


Topics: ,

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram
  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS Discord Patreon TikTok Twitch
  • Features


Send this to a friend
})