AT&T Invests in Tech Startup Magic Leap

Date : 07/11/2018 @ 2:35PM
Source : Dow Jones News
Stock : AT&T Inc. (T)
Quote : 30.79  -1.31 (-4.08%) @ 12:59AM

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


(END) Dow Jones Newswires

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

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

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