Uncategorized – Page 10 – ofre2e

Google buys part of HTC’s XR business for $250 million

Google has agreed to acquire a part of HTC’s extended reality (XR) business for $250 million, expanding its push into virtual and augmented reality hardware following the recent launch of its Android XR platform. The deal involves transferring some of the HTC VIVE engineering staff to Google and granting non-exclusive intellectual property rights, according to … Read more

Some shareholders of a16z-backed Divvy Homes may not see a dime from $1B sale

The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal.  The terms — and Divvy’s journey from buzzy startup to acquisition target — reflects the rollercoaster ride the proptech industry has endured over the past decade. … Read more

Microsoft’s head of venture has resigned

Chris Young, Microsoft’s head of business development and its venture unit, resigned from his role on Wednesday, the company said. Young led Microsoft’s M12 venture fund, and was what’s known as a named officer. Microsoft’s other named officers include CFO Amy Hood, top lawyer and vice chair Brad Smith, head of sales Judson Althoff, and … Read more

Celeste developers cancel follow-up game Earthblade

Earthblade, the next game from the developers of Celeste, has been canceled. The fantasy-inspired game got its first trailer in late 2022, and the game would have let you explore a “free-roaming, dynamically-loading map,” Extremely OK Games’ Maddy Thorson said at the time. But the team decided to cancel the game in December after a … Read more