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Sep 1, 2021

TikTok owner ByteDance acquires third-largest VR headset maker Pico.
According to IDC, Pico's shipments grew 44.7% YoY. ByteDance, who also acquired mobile games studio Moonton for $4B in March, did not disclose the size of the deal. ByteDance's acquisition of Pico puts it against Facebook's Oculus and Apple is also supposedly working on their own VR headset (they bought NextVR). Link
Photo credit: Pico, illustration by RN in TECH

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