Technology

Apple likely to acquire VR video streaming service NextVR

Tim Cook's company has already acquired weather app DarkSky and AI startup Voysis over the past week, amid startups valuations drop

Apple to acquire virtual reality streaming service provider
Photo: Shutterstock
  • After acquiring DarkSky and Voysis, tech giant Apple is reportedly in the process of closing a $100 million deal for virtual reality streaming service NextVR;
  • NextVR focuses on providing virtual reality streaming of big sports and entertainment live events.

As the pandemic keeps moving forward and startup valuations remain in decrease, acquisitions are being targeted by some big players. After acquiring weather app DarkSky and AI startup Voysis over the past week, smartphone giant Apple is reportedly in the process of closing a $100 million deal for NextVR, as informed by Business Insider and first reported by 9to5mac’s Zac Hall.

California-based NextVR is a streaming service provider with a decade of experience in merging live big events of sports and concerts with virtual reality. The company has partnered with NFL allowing VR experiences of its live events with headsets from PlayStation and Microsoft.

READ ALSO: Global online music streaming grew 32%, and Spotify continues to be the market leader

Even though the acquisition hasn’t been confirmed yet by any of the companies, news media outlet 9to5 learned that both Apple and NextVR have started communicating employees about relocations from San Diego to the Cupertino area, where Apple has its headquarters.

This move will further push Apple towards its VR/AR goals, as the big tech is seeking to launch its first AR-focused headset by 2022, according to the media outlet.