Singapore’s Temasek Reported to be Taking Part In An Investment in Magic Leap

Published by , September 18, 2017 12:44 am

(Bloomberg) Temasek Holdings Pte., an investment company owned by Singapore, is considering taking part in a new financing round of more than $500 million, valuing Magic Leap close to $6 billion, according to people familiar with the situation.
Magic Leap’s large financing needs and the long gestation of its product are due, in part, to its ambitious goal: Developing its own hardware and software along with costly electronic components required for the device.

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