With its recent purchase of Jaunt's tech assets, Verizon could take a leading role in the creation and distribution of XR content:
over $100 million in venture funding from backers including Disney and Axel Springer, will remain a separate company and retain its employees, while Verizon will acquire its technology including VR software and hardware development as well as its newer AR ventures.The pricing for the asset purchase wasn't disclosed, but Jaunt was laying off employees and auctioning office furniture last year, per Verizon has taken a number of steps to move its media business into the extended reality market.
Now with the purchase of Jaunt's assets, Verizon could take a leading role in the creation and distribution of XR content. The telecom's primary competitor in the US wireless market, AT&T, has been taking major steps to expand on its traditional and streaming media content options with the purchases of
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