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Screenshot: Axios via Spaces.com

Apple is acquiring Spaces, a virtual reality firm that recently pivoted from creating theme park attractions to bringing traditional video conferencing software to VR headsets.

Why it matters: Apple has shown continued interest in both virtual and augmented reality and has been reportedly testing headsets internally, but it has yet to release such a product publicly.

Details: Apple confirmed the acquisition to Axios with the statement it usually offers in such cases. "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans."

  • The company declined to comment further or say whether it will continue to offer Spaces' video conferencing software.
  • Spaces posted a thank-you note to users on its website, but didn't offer additional details.

The big picture: Axios featured Spaces in an article last month on tech companies that were pivoting in the wake of the pandemic.

  • The company had raised substantial funding around the premise of creating destination virtual reality experiences that could go in theme parks or shopping malls.
  • With the pandemic putting that business in limbo, Spaces shifted its energy and created software that uses VR headsets to allow people to have more immersive experiences with Zoom and other video conferencing services.

Apple's acquisition of Spaces was first reported by Protocol.

Go deeper

Ina Fried, author ofย Login
Nov 18, 2020 - Technology

Apple to lower commissions for small businesses on App Store

Screenshot via Apple.com

Apple announced a new program Wednesday under which it will take a smaller 15% cut from App Store sales for businesses earning less than $1 million selling their apps, rather than the standard 30% cut.

Why it matters: Apple is under fire from some critics over its rigid App Store policies that require developers to use Apple payment systems for both app sales and in-app payments in exchange for a cut of sales.

Firefighters end search for bodies at Surfside

A picture in the memorial that has photographs of some of the victims from the partially collapsed 12-story Champlain Towers South condo building on July 15 in Surfside, Florida. Photo by Joe Raedle/Getty Images

Firefighters on Friday concluded their search for bodies at the site of the June 24 collapse of the Champlain Towers South condominium in Surfside, Florida.

Driving the news: 97 people were killed and one woman, Estelle Hedaya, remains missing.

Updated 2 hours ago - Sports

Olympics dashboard

๐Ÿšจ: Team USA closes out Day 1 with no medals for 1st time since 1972

๐Ÿ“บ: The Olympic events to watch today

๐Ÿ›น: Athlete spotlight - Nyjah Huston hopes to skate his way into Olympic history

๐Ÿ‡บ๐Ÿ‡ธ: After loss to Sweden, U.S. women's soccer team overwhelms New Zealand

๐Ÿฅ‡: The six new sports at Tokyo 2020

๐Ÿ‘ป: How the no-spectator Olympics could affect the athletes

๐Ÿ’‰ About 100 U.S. Olympic athletes are unvaccinated

Go deeper: Full Axios coverage