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Temasek said to be eyeing stake in Magic Leap

It may take part in a new financing round of more than US$500 million, valuing Magic Leap close to US$6 billion

Published Thu, Sep 14, 2017 · 09:50 PM

    San Francisco

    MAGIC Leap Inc, a Florida-based startup that's raised more than US$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 is considering taking part in a new financing round of more than US$500 million, valuing Magic Leap close to US$6 billion, according to people familiar with the situation.

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