Apple is planning to acquire California-based virtual reality company NextVR in a deal said to be worth $100 million, 9to5Mac reported over the weekend.
NextVR is a company that melds virtual reality with sports, music, and entertainment, offering VR experiences for watching live events on VR headsets from PlayStation, HTC, Oculus, Google, Microsoft, and other manufacturers.
NextVR has established partnerships with the NBA, Wimbledon, Fox Sports, the WWE and more, according to the NextVR website. NextVR also has more than 40 patents, some of which are related to upscaling video streaming that may be of interest to Apple.
The Orange County, California company has been struggling in recent years, failing to secure Series C funding in 2019, leading to a 40 percent staff reduction.
For the last several years, rumors have indicated that Apple is exploring multiple augmented, virtual, and mixed reality headset options, and has some kind of AR/VR headset project in the works.
Apple appears to be working on more than one AR/VR project, but it's difficult to tell as there have undoubtedly been many prototype designs. Current rumors suggest an AR/VR headset could be released as early as 2021.