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Saudi Arabia Takes Control of Augmented Reality Firm Magic Leap

By
Juro Osawa
· · Source: The Telegraph

Saudi Arabia has taken control of U.S. augmented reality technology company Magic Leap, the British newspaper The Telegraph reported. Saudi Arabia’s sovereign wealth fund, Public Investment Fund, has taken a stake of more than 50% in Magic Leap, according to The Telegraph. The fund, known as PIF, also has the right to appoint four directors on Magic Leap’s eight-member board, the newspaper...

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