Deals
Singapore's Temasek Mulls Investing in Magic Leap
- Wearable computing startup closes in on $6 billion valuation
- Device set to ship in six months, be priced more than $1,500
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Magic Leap Inc., a Florida-based startup that’s raised more than $1.3 billion to build a wearable computing device, is trying to raise even more cash as it readies a long-awaited debut product.
Temasek Holdings Pte., an investment company owned by Singapore, is considering taking part in a new financing round of more than $500 million, valuing Magic Leap close to $6 billion, according to people familiar with the situation.