Virtual and augmented reality-focused ad monetisation firm Admix has acquired media website VRFocus for an undisclosed fee.
Earlier this month it had been announced that the former owner of VRFocus, InvestVR, had laid off all of the site's staff.
Admix, however, has swooped in to buy the publication and, according to a statement from VRFocus site editor and former CEO Kevin Joyce to PocketGamer.biz, "we are re-hiring as many of the team as possible". A number of senior staff have now been retained to work on the site.
Joyce will continue in his role to oversee the transition, though how long he will remain at the company is "undetermined at present". VRFocus is currently on the hunt for a new editor.
Admix claims that the website will retain its editorial independence and continue to report on news in the VR and AR markets.