Microsoft beats Google and Apple in acquiring start-up R2 Studios
Microsoft has trumped fellow tech giants Apple and Google to acquire home entertainment technology start-up R2 Studios for an undisclosed sum, including patents for controlling certain electronic devices.
R2 Studios has been working on ways to display content on TVs, which could tie in nicely with Xbox’s focus of adding TV entertainment to its gaming console, The Wall Street Journal reported.
Neither Microsoft or R2 Studios has commented on the acquisition, though several reports have said Google and Apple had been in talks with R2 Studios about a possible acquisition before Microsoft snatched it up.
R2 Studio’s workforce is expected to relocate to Microsoft’s campus in Redmond, Washington.