Snap acquires assets from Rec Room as social gaming platform announces shutdown
By Todd Bishop
Published on March 31, 2026.
Snap Inc. has acquired select assets from Rec Room Inc. following the news that the Seattle-based social gaming platform plans to shut down. Some Rec Room employees will join Snap, but this does not indicate a revival at the company. The acquisition comes ahead of the expected launch of Snap's next-generation glasses. The company did not disclose the financial details of the sale. It praised Rec Room's expertise in building social, multiplayer XR experiences and was valued at $3.5 billion by 2021.
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