![Image courtesy Pico Interactive](https://vrheadset.com/wp-content/uploads/2023/02/pico-interactive-341x220-1.jpg)
A recent rumor, which alleged that TikTok parent company ByteDance is slated to spin down its XR hardware subsidiary Pico Interactive, is false, the company says.
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A recent rumor, which alleged that TikTok parent company ByteDance is slated to spin down its XR hardware subsidiary Pico Interactive, is false, the company says.
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ByteDance, the Chinese parent company of social media app TikTok, is reportedly considering purchasing Pico, one of China’s leading VR headset makers
In a move that in some ways parallels Facebook’s acquisition of Oculus in 2014, TikTok parent company ByteDance is looking to buy Pico—the VR headset maker behind headsets like the standalone Neo 3 and G2 4K—according to a report by Bloomberg citing a source “familiar with the matter.”