GamesBeat reports: “Infinite Reality, a maker of immersive virtual experiences, bought Ethereal Engine for $75 million in a share swap. Los Angeles-based Ethereal Engine is a creator of end-to-end frameworks for web-first, social immersive experiences. It sounds like a metaverse company, but Norwalk, Connecticut-based Infinite Reality isn’t using that word. The share-for-share acquisition values Infinite Reality at $2.5 billion and Ethereal Engine at $75 million.”
