Apple Acquires VR Company Spaces
Apple (NASDAQ: AAPL) is making a move into the virtual reality (VR) segment with its latest acquisition. On Monday, the tech giant confirmed a report that it has purchased Spaces, a start-up that specializes in VR videoconferencing. As is Apple's habit, it disclosed neither the price nor the terms of the deal.
In confirming the report, Apple issued its standard terse response to information requests about its acquisitions. "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," a company spokesman wrote in an email.
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Source Fool.com
