James Murdoch Makes Largest Deal Yet With Bet on Virtual Reality

James Murdoch, heir to billionaire media magnate Rupert Murdoch, has added the biggest reported investment yet to his closely watched portfolio: a bet on the virtual-reality provider called the Void LLC. Murdoch has invested $20 million in the business, according to a person familiar with the transaction. He’s also taken a seat on the board, said the person, who asked not to be identified because the matter isn’t yet public. He joins a high-profile list of investors, including Fidelity Management, Qualcomm Ventures and Walt Disney Co. The Company, based in Lindon, Utah, operates interactive entertainment experiences in 11 cities around the world. Customers don goggles and a backpack to immerse themselves in stories such as “Star Wars: Secrets of the Empire,” which costs about $35.

Source: https://www.bloomberg.com/news/articles/2019-07-13/james-murdoch-makes-largest-deal-yet-with-bet-on-virtual-reality?srnd=technology-vp

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