Magic Leap has apparently raised another $350M

Re:Magic Leap has apparently raised another $350M by cracker_jacks on Thursday May 21, 2020 @06:58PM (#23266567)

Magic Leap has already signed over its patents to JP Morgan back in Nov 2019. Are those still acquirable assets in the event of an acquisition?

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Re:Magic Leap has apparently raised another $350M by redis_mlc on Thursday May 21, 2020 @07:11PM (#23266707)

I read about this previously.

"Signed over" is too strong, it's more like their loan covenants mention the patents, but if you pay the loan, it doesn't matter.

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Re:Magic Leap has apparently raised another $350M by kevindong on Thursday May 21, 2020 @09:28PM (#23267784)

They pledged the patents as collateral. So if they (or their acquirer) don't repay the loan, JP Morgan is entitled to keep the patents.

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