Multiple sources tell TechCrunch that Google is acquiring Lytro, an imaging startup that specializes in light-field technology.
According to TechCrunch, one source says the deal is an “asset sale” and the company is being bought for no more than $40 million. Another source says the asking price is $25 million and that it had already been shopped around to other companies, including Facebook.
At stake are Lytro’s 59 patents related to light-field and digital imaging technologies. The company, founded in 2006, created the first consumer camera to utilize the technology, resulting in the camera’s ability to refocus photos to any part of the image after they’re taken. Lytro’s cameras do this by capturing all the rays of light from a scene,…
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