Jaunt is in talks to sell its cinematic virtual reality business to other companies, VentureBeat has learned. One of the bidders is Spinview Global, the virtual reality business-to-business content management platform, according to a source familiar with the matter.
Jaunt recently said it would end its VR efforts and focus exclusively on augmented reality and extended reality (XR) technologies. A spokesman for San Mateo, California, confirmed that Jaunt is in talks with multiple parties to sell the VR business.
Jaunt still has a big VR film studio in Santa Monica, California, where it puts to use its expertise in telling stories in XR. In