AT&T Inc. (NYSE:T)
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3 Months : From Jun 2018 to Sep 2018
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.
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(END) Dow Jones Newswires
July 11, 2018 09:20 ET (13:20 GMT)
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