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Augmented-Reality Startup Magic Leap to Explore a Sale

  • Florida-based company also weighing partnerships, stake sale
  • Magic Leap could fetch more than $10 billion in a sale process
Attendees use Magic Leap Inc. Magic Leap One AR headsets and controllers at the Game Developers Conference in San Francisco, California.
Photographer: David Paul Morris/Bloomberg
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Magic Leap Inc., the startup that raised more than $2 billion to build an augmented-reality device, is exploring options including a sale, according to people familiar with the matter.

The Plantation, Florida-based company is working with an adviser to consider strategic options that could also include forming a partnership or selling a significant stake ahead of a potential listing, said the people. Magic Leap could fetch more than $10 billion if it pursues a sale, the people said, asking not to be identified because the information is private.