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March 21, 1997updated 05 Sep 2016 12:48pm

BANKRUPT VIRTUALITY PLC’S HEADSET DIVISION UP FOR SALE

By CBR Staff Writer

It’s dismemberment for bankrupt UK outfit, Virtuality Group Plc. Administrators from Arthur Andersen & Co are offering the company’s virtual reality headsets division, its 60 employees and bases in the UK, the US and Japan, for sale. They warn that significant investment is required to achieve the substantial royalty income and sales growth projected for the business.

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