Update: Snap Acquires Augmented Reality Firm Illumix

MT Newswires Live06-05

(Updates with the company's comments throughout and latest stock move in the fifth paragraph.)

Snap (SNAP) has acquired spatial augmented reality firm Illumix, a company spokesperson confirmed through email to MT Newswires Thursday.

Financial details related to the acquisition were not provided.

Illumix's technology, platform, and the majority of its team members will join Snap to support AR efforts, including AR for Specs, the spokesperson said.

Snap will continue to work with Illumix's existing customers and partners, including major theme parks, the spokesperson added.

Shares of the company were up 4.5% in Thursday trading.

Price: 5.99, Change: +0.26, Percent Change: +4.45

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