Snap has agreed to acquire U.K.-based WaveOptics in a deal valued at more than $500 million, The Verge reported , although Snap is only paying half that amount now with the rest to be paid in two years’ time. WaveOptics specializes in the design and manufacturing of waveguides and miniature projectors, display components key to making wearable augmented reality devices. On Thursday, Snap...
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Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month
In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion. The client was flip-flopping between a cash offer and a loan. “First Republic Bank has a 10-year loan at 4.65%,” DeLeon informed...
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UK Says Microsoft’s Activision Bid Won’t Harm Console Market, Dealing Blow to Sony
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