ByteDance acquires Pico virtual reality company

Virtual reality - Acquisition

The TikTok owner is moving ahead with new VR strategies through the headset maker purchase. ByteDance, the company behind the popular TikTok app, has just acquired Pico, a virtual reality technology start-up. The start-up is the third largest maker of VR headsets and other equipment in the world. ByteDance announced that the new acquisition represents the company’s first major steps into virtual reality. At the time this article was written, the company, which is based in Beijing, China, had not disclosed the size of the acquisition of Pico. That said,…

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