Similar Stories to Magic Leap Is Reportedly In Talks To Raise $400 Million From Saudi Arabia's Sovereign Wealth Fund on Bing News

jcook@businessinsider.com (James Cook), Business Insider
Sat, 02/24/2018 - 8:59am

Magic LeapAugmented reality startup Magic Leap is reportedly in talks to raise up to $400 million (£286 million) from Saudi Arabia's sovereign wealth fund, The Financial Times reported on Friday. The newspaper reported that the deal is set to be announced in the coming weeks, and is an extension of the company's October round of funding. The investment would bring the total amount raised by Magic Leap to $2.3 billion (£1.6 billion), even though it's yet to release a product.See the rest of the story at Business InsiderNOW WATCH: This vest could help people cope with anxiety and stress by simulating a hugSee Also:Saudi Arabia is building the world's tallest skyscraper — here's what it will look likeSaudi Arabia is building a $500 billion mega-city that's 33 times the size of New York CityThe 50 best places to live in America

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