Once valued at $8 billion, sources say the AR start-up is now seeking an acquirer.
Magic Leap is reportedly working closely with a financial advisor on exploring options to keep the doors of the AR startup open. According to a recent Bloomberg report, the AR company would either form a new partnership that would hand over the equity of the company or possibly sell off a significant stake of the company ahead of listing.
If sold, Magic Leap could potentially receive more than $10 billion according to an unidentified source.
The Florida based AR company jumped on every tech