Acer invests $9m in Starbreeze to drive VR ambitions

Payday studio and tech manufacturer form joint company to collaborate on StarVR headset
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Acer and Starbreeze have continued to put money where their mouths are when it comes to VR.

Acer has provided the Payday studio with a two-year convertible bond worth $9 million to fund its development and other work in virtual reality.

The partnership has also created a joint firm, Acer Starbreeze Corporation, which will collaborate on the “design, manufacturing, promotion, marketing and sales” for the StarVR headset.

"Acer's investment directly into Starbreeze will greatly benefit our long term VR-strategy and further solidify the collaboration between our companies and additionally enrich our eco-system," said Starbreeze CEO Bo Andersson Klint in a canned statement.

The StarVR is expected to ship a limited number of units later this year, with a full launch scheduled for 2017.