AT&T Invests in Tech Startup Magic Leap

Date : 07/11/2018 @ 9:35AM
Source : Dow Jones News
Stock : AT&T Inc. (T)
Quote : 33.78  0.34 (1.02%) @ 6:56PM

AT&T Invests in Tech Startup Magic Leap

AT&T Inc. (NYSE:T)
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   By Allison Prang 
 

AT&T Inc. has invested in Magic Leap, a technology company that is developing a wearable computer device, and partnered with the company to be the wireless distributor of its products in the U.S.

AT&T didn't disclose Wednesday the size of the investment it made in Magic Leap. As of March, Magic Leap had raised more than $2.3 billion, $963 million of which was from a Series D fundraising round.

AT&T said Magic Leap One, Creator Edition -- the name for Magic Leap's wearable computer -- is supposed to be shipped to developers and designers later this year.

AT&T customers will get to try Magic Leap products at its stores in some major cities once the products are available to consumers.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

July 11, 2018 09:20 ET (13:20 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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