Verizon Scoops Up Technology From Augmented Reality Firm
September 30 2019 - 4:21PM
Dow Jones News
By Micah Maidenberg
Verizon Communications Inc. (VZ) has acquired up a batch of
assets from Jaunt Inc., a technology company focused on augmented
reality.
Closely-held Jaunt announced the sale to the telecommunications
and media giant on Monday, declining to disclose a sales price.
Verizon purchased "software, technology and certain other assets"
from Jaunt, the tech firm said.
Jaunt says on its website that it uses artificial intelligence
and machine learning technology to create videos of humans in
augmented-reality environments.
In 2018, Jaunt launched a content library that consumers who own
virtual reality headsets can access, CNBC reported.
Investors in San Mateo, Calif.-based Jaunt include Walt Disney
Co. (DIS), Madison Square Garden Co. (MCN) and Axel Springer SE
(SPR-ETR).
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
September 30, 2019 16:06 ET (20:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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