NetEase, SoftBank, Time Warner, Madison Square Garden, Dick Clark Productions, Citic Guoan, Founder Group and Comcast have all exited the VR viewing platform at a reduced valuation.

Consumer electronics producer Apple has confirmed its acquisition of US-based virtual reality streaming service NextVR in deal that enabled multiple corporate investors to exit, Bloomberg has reported. NextVR wound up its online presence last week, telling customers it is “heading in a new direction.” A price was not disclosed although earlier reports suggested Apple would…

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