Acer, Starbreeze Announce Joint Venture

Posted by at 10:35 am on June 28, 2016

acer_logoOn May 16, Acer and Starbreeze Studios revealed that the two companies were in talks about a manufacturing partnership for the upcoming StarVR HMD. The board of directors from both companies have since approved a joint venture that will see the two companies share resources to accelerate development of the StarVR HMD.

Acer and Starbreeze will each own 50 percent of the new company, which is provisionally named Acer Starbreeze Corporation. Acer Starbreeze Corp. will be responsible for the design, manufacturing, promotion, marketing and sales of the StarVR HMD. The company will be given $25 million in authorized capital from both Acer and Starbreeze, and the two companies said they will each add more funds as needed. Acer and Starbreeze are currently awaiting regulatory approval, but they expect to incorporate the new company in Taiwan in Q3.

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