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Magic Leap Eying $100M Investment

On the heels of laying off about half of its workforce, Magic Leap is looking to raise around $100 million, The Information reports. “The capital could save the highly valued startup from making further cuts to its already diminished workforce,” it writes. CEO Rony Abovitz said last week that Magic Leap signed a term sheet and was in advanced negotiations with “a major health care company that will drive our enterprise strategy forward.”

Read the whole story at The Information »

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