With Facebook buying Oculus, it was only a matter of time before we heard about other acquisitions in this market. As TechCrunch has reported, Microsoft has paid up to $150m to buy augmented reality IP assets from ODG. For those of you not familiar with the Osterhout Design Group, it builds wearable computing devices and other gadgets for the military and government.
It is not clear what Microsoft plans to do, but it would not surprise us if it is building its own augmented reality headsets. Let’s just say Microsoft is serious about making a splash in the wearables and VR markets.