AT&T strikes partnership and invests in secretive Google-backed「mixed reality」start-up Magic Leap

Announced a key distribution move in its new bid to be a media powerhouse: it’s taking a strategic investment into Magic Leap, the high profile augmented reality startup, which will include becoming the exclusive wireless distributor of Magic Leap products in the U.S … The two companies have not revealed the financial terms of the stake: specifically Magic Leap last raised in a round in March of this year led by Sinapore’s Temasek that valued the startup at $6.3 billion, The value of that round was ultimately $963 million, says PitchBook, so we’re wondering if this investment was part of that, or a separate stake (we are reaching out to ask and will update when and if we find out more) … The partnership looks like it is set to coincide with the launch of Magic Leap’s first product, the Magic Leap One, which the company describes as a lightweight, wearable computer that will enrich real world experience with digital content.