The Disney, Alphabet, Axel Springer, Madison Square Garden, BSkyB and ProSiebenSat.1-backed mixed reality technology developer has sold assets including software and technology to Verizon.
Telecommunications firm Verizon paid an undisclosed amount for selected assets of Jaunt, a US-based virtual reality technology developer backed by several corporate investors, yesterday.
The transaction will give Verizon technology and software owned by Jaunt, which counts internet and technology group Alphabet, entertainment group Walt Disney, publishing group Axel Springer, entertainment venue Madison Square Garden and broadcasters BSkyB and ProSiebenSat.1 as investors.
Jaunt developed a combination of software, hardware and mobile apps that helped users create VR video content. It…
