Microsoft reportedly paid up to $150 million for wearable computing company assets

In the wake of Facebook paying $2 billion to acquire the Oculus VR company this week, a new report claims Microsoft has also made a deal to purchase some wearable computing assets of its own. However, this transaction isn't quite on the same scale as the Facebook-Oculus acquisition.

TechCrunch reports that Microsoft has paid between $100 million and $150 million to buy certain assets from the Osterhout Design Group. The deal, which was first rumored in September, was confirmed to the site by the founder of OSG, Ralph Osterhout, It closed in November and Microsoft took possession of 81 patents previously owned by OSG in January. So far, Microsoft has not offered any official comments on this deal.

All of the patents that Microsoft bought are related to augmented reality and wearable computing products, so it would appear that the company is continuing its efforts in this field. Recent rumors claim Microsoft is developing VR technology that could be used for its Xbox game consoles in the future

OSG is still a separate company and TechCrunch reports that it is continuing to develop wearable computing products, based on new patents that are not owned by Microsoft.

Source: TechCrunch | Image via TechCrunch

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neonspark said,
and it will work on the ipad first.

Windows Phone had Office 3.5 years before iPhone and iPad. Surface has had Office for almost 2 years before the iPad.

Smart move, they cant miss out on the next big step for computing. Especially since they're focusing on touch and mobility, Years they've been shouting that one day everything will be a computer. And when it finally happens their bloated OS with clumpsy UI is unable to bring it to these new formats.

Their modern UI might not be perfect but it has a lot of potential. Its an interface that can easily adapt to various formats. Hopefully they'll be able to quickly respond to this and not just have nicely designed gadgets but also load it with a sollid OS with a UI that fits in their line-up.

Not surprised. Wearable tech is the hot thing these days. And hope the rumors of VR with the X1 are true but probably a ways off.