Money
Snapchat to acquire AR company in $500 million deal
Social media platform, Snapchat is set to expand its business – gearing up to ‘snap’ up a new tech company
Snapchat will acquire Wave-Optics, a British augmented reality technology company in a $500 million deal.
The deal will help Snapchat push its way into a future where AR eyewear could be the new trend of the future.
Snapchat, along with other tech giants like Facebook and Apple are racing to build AR devices as the next technological frontier after the smartphone.