Google to acquire imaging and virtual reality startup Lytro for $40 million

[unable to retrieve full-text content]Lytro then pivoted into a virtual reality (VR) firm and is said to own 59 patents in VR and digital imaging technology. Google could be looking at it to strengthen either its camera offering in Pixel phones or its VR gaming initiatives. Interestingly, Google rivals Facebook (which is taking giant strides in VR …