Microsoft pays up to $150 million for Osterhout's augmented reality IP assets - report

Microsoft has reportedly paid up to $150 million to buy IP assets for augmented reality glasses and related items from Osterhout Design Group, which includes 75 patents.

The report on TechCrunch states the patents were shifted over Microsoft on January 17, and ODG founder and head Ralph Osterhout confirmed the acquisition has indeed took place. He would not comment further on the matter.

An anonymous contact speaking with TechCruch stated Microsoft paid between $100 and 150 million for the patents.

One of the patents is for a pair of glasses with an on-board processor and another would connect the device to a watch which users could control the view seen through the projected images in the glasses.

Osterhout's website shows some of the prototypes as well as descriptions of each device. Prototypes contain a multi-core processor running a customized version of Android OS. Bluetooth, GPS and Bluetooth are integrated as well as a compass of sorts which tracks position and movement.

It even makes note of dual HD 3D displays.

It was reported last week Microsoft was in the process of prototyping VT headsets, and a patent unearthed last year August hinted that the device would incorporate augmented reality tech into a new Xbox gaming experience.

You can read the full and through report through the link.

Thanks, OXM.