Google is poised to acquire eye-tracking startup for future glasses

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Alphabet Inc.’s Google is in final talks to acquire AdHawk Microsystems Inc., a maker of eye-tracking technology, part of a renewed push into headsets and smart glasses.

The technology giant intends to buy the Canadian startup for $115 million, according to people with knowledge of the matter. That includes $15 million in future payments that will hinge on AdHawk reaching performance targets, said the people, who asked not to be identified because the deal hasn’t been announced.

The agreement is on track to be completed this week, but it’s still…



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Google is poised to acquire eye-tracking startup for future glasses


Alphabet Inc.’s Google is in final talks to acquire AdHawk Microsystems Inc., a maker of eye-tracking technology, part of a renewed push into headsets and smart glasses.

The technology giant intends to buy the Canadian startup for $115 million, according to people with knowledge of the matter. That includes $15 million in future payments that will hinge on AdHawk reaching performance targets, said the people, who asked not to be identified because the deal hasn’t been announced.

The agreement is on track to be completed this week, but it’s still…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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