The world of augmented and virtual reality (AR/VR) was rapidly evolving, and mergers and acquisitions (M&A) played a significant role in shaping the industry. I’ll provide an overview of the landscape and some potential areas where M&A activity could have occurred or evolved up until that time.

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Consolidation among Hardware Manufacturers:

In the AR/VR industry, various companies were developing hardware like headsets, glasses, and other devices. M&A activity might have occurred among these manufacturers to strengthen their positions, access new technologies, and enhance their product portfolios. For example, established tech giants like Facebook (now Meta Platforms Inc.), HTC, Microsoft, Sony, and others might have engaged in strategic acquisitions to stay competitive.

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Software and Content Development Studios:

As AR/VR content was becoming increasingly popular, software and content development studios could have been attractive targets for acquisitions. Companies looking to expand their content offerings and intellectual property might have sought out these studios to bolster their content libraries.

Cross-Industry Acquisitions:

Companies from industries outside of traditional tech and gaming might have looked to enter the AR/VR space through acquisitions. For instance, companies in the entertainment, education, healthcare, and retail sectors could have seen the potential of AR/VR applications in their respective fields and sought to acquire established players in the AR/VR market.

AR/VR Collaboration and Tool Providers:

There were companies focused on providing tools and platforms for AR/VR development, such as AR/VR software development kits (SDKs) and content creation tools. Acquiring such companies could have enabled larger corporations to bolster their own AR/VR development capabilities.

Augmented Reality for Enterprise Solutions:

The use of AR for enterprise solutions, like training, maintenance, and collaboration, was gaining traction. This could have led to acquisitions as companies sought to expand their offerings and establish a foothold in the enterprise AR/VR market.

Startups and Innovations:

The AR/VR space was ripe with startups and innovative technologies. Larger companies might have pursued acquisitions to tap into these new technologies and gain a competitive edge.

Geographical Expansion:

Companies aiming to expand their presence in specific regions might have acquired local AR/VR companies to gain access to the regional market, talent pool, or regulatory advantages.

Remember, the landscape of the AR/VR industry is highly dynamic, and new developments might have occurred since my last update. As with any technology-driven industry, it’s crucial to stay up-to-date with the latest news and developments to understand the current state of M&A in the world of augmented and virtual reality.