Alphabet's (GOOGL) Google on Wednesday acquired video game developer Owlchemy Labs. <\/p>\n
Owlchemy is the driving force behind some of theworld's biggest virtual reality video games, including \"Job Simulator\" and \"Rick and Morty: Virtual Rick-ality.\" <\/p>\n
The Austin-based firm confirmed the acquisition by Google in a blog post today. <\/p>\n
\"Today is a REAAAALLY BIG day for Owlchemy. We're positively thrilled to announce that Owlchemy Labs has been acquired by Google!\" Owlchemy wrote. <\/p>\n
Owlchemy was founded in 2010 and raised $5 million in seed funding from Capital Factory, Qualcomm Ventures, Colopl VR Fund, HTC and The Venture Reality Fund. <\/p>\n
The games studio will continue to create content under Google's control for the many platforms it is currently on, including the HTC Vive, PS VR and Oculus Rift. <\/p>\n
Google has acquired Owlchemy Labs! The future of Owlchemy is brighter than ever! We're all absurdly excited! #VR https:\/\/t.co\/QpaqSJGE4w<\/a> pic.twitter.com\/QsPh41nJ5B <\/p>\n Terms of the deal were not disclosed. <\/p>\n Jim Cramer and the AAP team are discussing fallout from first-quarter earnings from Apple (AAPL) and Facebook (FB) and how to play the big tech names. Get his insights or analysis with a free trial subscription to Action Alerts Plus. <\/p>\n <\/p>\n Excerpt from:<\/p>\n Alphabet Acquires 7-Year-Old Virtual Reality Game Developer Owlchemy - TheStreet.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Alphabet's (GOOGL) Google on Wednesday acquired video game developer Owlchemy Labs. Owlchemy is the driving force behind some of theworld's biggest virtual reality video games, including \"Job Simulator\" and \"Rick and Morty: Virtual Rick-ality.\" The Austin-based firm confirmed the acquisition by Google in a blog post today. Continue reading