Google's Pixel phones could get serious camera boost with Lytro acquisition

Lytro had big plans to change the photography industry with its unique, rectangular-shaped "light field camera" that let users refocus photos after they'd taken them.

Now, Lytro is being acquired by Google for as much as $40 million, TechCrunch reports. The decision comes following Lytro's botched release of the Illum, a second overpriced (and rather clunky) light field camera that failed to catch on, and after the company's more recent pivot to virtual reality.

SEE ALSO: Which phone takes the best portrait photos: iPhone X, Pixel 2, or Note 8?

The deal is reportedly not finalized just yet, with some sources suggesting the acquisition price could be much lower at around $25 million. Read more...

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