Alphabet Acquires 7-Year-Old Virtual Reality Game Developer Owlchemy – TheStreet.com

Alphabet's (GOOGL) Google on Wednesday acquired video game developer Owlchemy Labs.

Owlchemy is the driving force behind some of theworld's biggest virtual reality video games, including "Job Simulator" and "Rick and Morty: Virtual Rick-ality."

The Austin-based firm confirmed the acquisition by Google in a blog post today.

"Today is a REAAAALLY BIG day for Owlchemy. We're positively thrilled to announce that Owlchemy Labs has been acquired by Google!" Owlchemy wrote.

Owlchemy was founded in 2010 and raised $5 million in seed funding from Capital Factory, Qualcomm Ventures, Colopl VR Fund, HTC and The Venture Reality Fund.

The games studio will continue to create content under Google's control for the many platforms it is currently on, including the HTC Vive, PS VR and Oculus Rift.

Google has acquired Owlchemy Labs! The future of Owlchemy is brighter than ever! We're all absurdly excited! #VR https://t.co/QpaqSJGE4w pic.twitter.com/QsPh41nJ5B

Terms of the deal were not disclosed.

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Alphabet Acquires 7-Year-Old Virtual Reality Game Developer Owlchemy - TheStreet.com