Microsoft Acquires AltspaceVR for Undisclosed Sum

VR startup AltspaceVR announced it has been acquired by Microsoft. Financial terms of the transaction were not disclosed.

AltspaceVR is a virtual reality software company that brings two-dimensional web content into shared virtual spaces and and extends the web to create fully holographic experiences. Through the software, users are able to watch streaming video, play games, and get work done, together and entirely inside of virtual reality. The software is powered by, and fully embraces, the modern open web.