NetEase, SoftBank, Time Warner, Madison Square Garden, Dick Clark Productions, Citic Guoan, Founder Group and Comcast could all exit the virtual event platform developer.

Consumer electronics producer Apple has begun discussions to acquire NextVR, a US-based virtual reality streaming service backed by a range of corporate investors, for about $100m, 9to5Mac reported on Saturday.

Founded in 2009, NextVR operates a virtual reality broadcasting service that delivers immersive live sports and entertainment events to VR headsets such as HTC’s Vive, Facebook’s Oculus Rift and Samsung’s Gear VR.

The company also holds more than 40 patents related to upscaling content –using algorithms to increase the resolution…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.