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Meta Reportedly in Talks With Tencent to Bring Quest to China

Road to VR

Facebook and Twitter have been blocked in China since 2009, but Meta CEO Mark Zuckerberg is hoping to get back in that country with Quest, according to a Wall Street Journal report. It’s said a portion of Meta’s global offerings could be on offer alongside Tencent’s own apps and services.

China 303
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‘AirMech’ Studio Teases New Multiplayer VR Strategy Game Code-named ‘Cake’

Road to VR

Carbon Games , the studio behind real-time strategy game AirMech Command (2016), is currently developing a new VR project that they say will be a lighthearted, team-based game. Strategy is involved. “It’s a class-based, team-based game that’s kind of lighthearted but has real depth.

Strategy 147
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Coatsink, Veteran VR Studio of ‘Jurassic World Aftermath’ and Others, Acquired for up to $85 Million

Road to VR

Coatsink is a British game studio and publisher founded in 2009. “The acquisition is in line with Thunderful’s strategy to expand its Games segment by adding attractive platform partnerships and publishing deals. According to the acquisition agreement, Coatsink stands to earn an additional £42.5 million (~$85 million).

Oculus 290
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Intel Sells a 20% Stake in Maker of Multi E-Beam Mask Writing Tools

Anand Tech

Intel first invested in IMS back in 2009 and then acquired the company in 2015. Meanwhile, selling ownership in fab tool makers fits into Intel's general strategy. Finally, using multi e-beam tools could be crucial for production of photomasks for next generation nodes that rely on EUV and eventually on High-NA EUV lithography.

Tools 87
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Xbox Game Studios Has (inadvertently?) Acquired Heaps of VR Development Talent

Road to VR

Founded in 2000 by legendary game designer Tim Schafer, this is a storied studio known for games like Psychonauts (2005), Brutal Legend (2009) , and many more. Founded in 2009, Compulsion Games is best known for We Happy Few (2018). SEE ALSO Pressure Mounts for Xbox's Missing VR Strategy as PSVR Revenue Nears $2 Billion.

Gaming 226
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Will Meta-MediaTek Partnership Advance AR Smart Glasses?

XR Today - Augmented Reality tag

After Mark Zuckerberg, CEO and Founder, Meta , revealed his company’s strategy for the future of AR smart glasses at the Meta Connect 2023 event in September, the executive may pivot to Chinese solutions, which offer lower prices and longer usage times compared to rivals while not sacrificing performance, to achieve these goals.

AR 93
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Meta Ramps Up Metaverse Investments in Vietnam

XR Today - Mixed Reality tag

China banned Meta’s social media technologies across the mainland in 2009 due to reported security concerns in its Xinjiang province. What is the US-Vietnam Comprehensive Strategy Partnership? For Washington and Vietnam, the Comprehensive Strategy Partnership (CSP) relies heavily on boosting specific sectors for cooperation.

Vietnam 85