return Home

Axel Springer invests in mixed reality company Magic Leap

Axel Springer Digital Ventures ()

The company plans to launch its first product with the mixed reality eyewear Magic Leap One this year.

Axel Springer Digital Ventures participated in a round of financing of Magic Leap. The company, headquartered in Florida, develops its own patented technology that integrates digital objects in real world environments. A core element of Magic Leap's offering is Magic Leap One, a combination of a mixed reality eyewear and lightweight wearable personal computer that uses lightfield technology to seamlessly integrate digital content into real world environments. Magic Leap announced in December 2017 that it will ship its first product, which is designed for creators and content developers, in 2018.

Axel Springer will, with investments in companies like Magic Leap, actively participate in innovative technologies bearing the potential to present journalistic content and classifieds in new formats and environments.

Axel Springer is a member of FIPP.

More like this

Ralph Büchi, COO of the Ringier Group and CEO of Ringier Axel Springer Switzerland, elected as new FIPP Chairman

FIPP Board appoints directors from Axel Springer and Associated Media Publishing

Jeff Bezos receives the Axel Springer Award 2018

Axel Springer is granted clearance to acquire Logic-Immo

  • PressReader acquires News360

    Newspaper and magazine platform PressReader has announced its acquisition of News360. News360's technology analyses and attributes content from any given news story to more than a million distinct audience interests, and reaches more than 100M unique readers every month through its News360 app.

    21st Aug 2019 Deals
  • Future Media Group acquires W magazine from Condé Nast

    Future Media Group has acquired W from Condé Nast. The acquisition will bring W together with Surface and Watch Journal to form Future Media Group. The Group will continue to publish eight print issues of W annually while also expanding the brand's digital and experiential footprint.

    25th Jun 2019 Deals
  • Wainscot acquires B2B fashion magazines Footwear Plus and Earnshaw’s

    Wainscot Media, a provider of publishing and content marketing solutions based in the USA, has acquired 9Threads, publisher of two prominent B2B fashion magazines and its associated properties.

    28th May 2019 Deals
  • Meredith Corporation announces sale of Sports Illustrated to ABG for $110 million

    Authentic Brands Group (ABG), a global brand development, marketing and entertainment company, today announced that it has finalised the purchase of the intellectual property of Sports Illustrated from Meredith Corporation. This acquisition adds a new vertical to ABG's growing platform and portfolio, which currently generates over US$9.3 billion in global retail sales annually.

    28th May 2019 Deals
Go to Full Site