Sony Sells Several Virtual Reality Patents to Meta
Japanese technology company Sony has sold a number of its key virtual reality patents to the American company Meta. The move signals a change in Sony's VR strategy and effectively a withdrawal from this market segment.
Japanese technology group Sony has sold a number of its most important virtual reality (VR) patents to the American company Meta. Virtual reality is technology that uses special equipment to place a user inside a computer-generated environment. According to the latest information, the sale marks a significant change in Sony's VR strategy, and the company is effectively giving up further participation in this market segment.
What is known about the deal
The buyer, Meta, is actively continuing to develop its Quest ecosystem, meaning its range of VR products and services. The source does not give the financial terms of the deal or specify exactly which patents have passed to Meta.
Why it matters
The move is described as the end of Sony's long-running efforts in the VR industry. By selling the patents to Meta, one of the major technology companies that had invested in this field is stepping back from it, while Meta continues its own work in the area.
