Google is in late-stage talks to acquire AdHawk Microsystems, a Canadian maker of eye-tracking tech, for $115M, including $15M in performance-based payments, Bloomberg’s Mark Gurman reports, citing people with knowledge of the matter. The acquisition is part of Google’s renewed push into headsets and smart glasses, and AdHawk’s staff is expected to join the Android XR team within Google’s Platforms organization after the deal closes, Gurman writes. The deal is on track to be completed this week, but may still fall apart, according to the report.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Alphabet’s Waymo to offer self-driving rides in Silicon Valley
- TikTok expands family features, adds Family Pairing feature
- Snowflake (SNOW) Is in Talks with Google and Others for an AI Deal
- Nvidia challengers seize opportunity provided by ‘inference,’ FT says
- Musk blames X outages on ‘massive cyberattack,’ Bloomberg reports
Questions or Comments about the article? Write to editor@tipranks.com