TikTok’s parent company acquires VR headset maker Pico

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The Pico Neo 3 headset

TikTok parent company ByteDance is acquiring Chinese virtual reality headset maker Pico. CNBC confirmed the news today after it was rumored last week and verified by Chinese publication Nweon. ByteDance told CNBC in a statement that Pico’s “comprehensive suite of software and hardware technologies, as well as the talent and deep expertise of the team, will support both our entry to the VR space and long-term investment in this emerging field,” saying it was “optimistic about the future of VR and its alignment with our mission.”

Pico is known for its Neo lineup of standalone virtual reality headsets, most recently the Pico Neo 3. It caters to both consumer and professional customers, and a June IDC report estimates that Pico is the third...

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