After raising $100 million, virtual reality content startup Jaunt has been in a precarious position for a few years now. It seems like the saga has finally come to a close as the startup announces that Verizon has purchased the company’s technology.

The studio rode the wave of VR hype following Facebook’s acquisition of Oculus, but after years of trying to find a business in immersive entertainment, spanning software and camera hardware, the company has spent its past year trying to sell off its VR assets while pursuing a business focused on augmented reality and what it calls the “distribution of volumetric video of humans.”

A deal with Spinview Global to purchase the company’s VR tech that was reported last year never ended up happening,

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