Google acquires AI avatar startup Alter for ~$100M
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Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has acquired AI avatar startup Alter for about $100M, TechCrunch reported on Thursday citing a source familiar with the matter.
A Google spokesperson confirmed the acquisition, but declined to divulge the financial terms of the deal. The transaction was completed around two months ago, as per the source.

Alter, which started off as Facemoji, helps creators and brands express their virtual identity. The US and UK-headquartered startup will enable Google (GOOG) (GOOGL) to improve and ramp up its content offerings, a person familiar with the matter said.
Google (GOOG) (GOOGL) shares were down 2% as of 1.45PM ET