Microsoft has acquired a collection of assets from wearable computing firm Osterhout Design Group for a suspected $150 million.
The technology juggernaut was in talks to purchase ODG entirely in September last year, an unnamed source told TechCrunch. However, the deal later switched to an IP acquisition. The transaction was completed last year and all related patents and IP transferred in January.
The hefty price tag of $100 million-to-$150 million was attached by another source. Microsoft has given no official comment so far, but the deal has was confirmed by ODG founder and inventor Ralph Osterhout.
For its cash, Microsoft now owns 80 patents relating to wearable computing and head-mounted displays. Six of those have been issued and the remainders are in progress.
Develop has more details.