Swedish games developer Starbreeze has confirmed that it is in talks with Taiwanese PC manufacturer Acer for a possible initial public offering (IPO) of their joint venture location-based virtual reality company StarVR.
In a statement, Starbreeze CEO Bo Andersson-Klint confirmed the development but said no decision has been taken for the future of the virtual reality company.
“We’re in agreement with Acer that this is an excellent way to propel the business into becoming the leading global VR company we set out to create from the beginning,” he said.
Starbreeze owns 33.3 per cent while Acer holds 66.6 per cent of joint venture StarVR, which is a sales and marketing company that manages the sales organization, support, and aftermarket services for the StarVR headset.
Starbreeze owns and controls the intellectual property rights related to StarVR while Acer manufactures the product.
Andersson-Klint said, StarVR’s mission is to provide VR related hardware for enterprise solutions and location-based entertainment setups, such as the VR center that the company is building in Dubai.
The StarVR headset features 210-degrees field of view, in high definition resolution over the entire field, eye-tracking, support for multiple tracking solutions, lightweight casing, backpack wireless option and its own 2nd generation Fresnel lens.
“With the headset and its subsystems in near completion, StarVR is well set for its own successful business. We are excited to be able to demonstrate this capability in our VR center in Dubai in the near future,” Andersson-Klint said.
Starbreeze was founded in 1998 and has since evolved into a developer and publisher of PC and console games and VR products aimed at the global market.
With studios in Stockholm, Paris, Los Angeles, Barcelona, Brussels and India, Starbreeze develops high-quality entertainment products based on proprietary and third-party rights, both in-house and in partnership with external game developers.