Linked by Thom Holwerda on Tue 25th Mar 2014 22:05 UTC
Games

Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones.

What the heck does Facebook need this for? Great news for the Oculus men and women though.

Permalink for comment 585378
To read all comments associated with this story, please click here.
WTF?
by Drunkula on Wed 26th Mar 2014 17:14 UTC
Drunkula
Member since:
2009-09-03

Seriously? Doesn't seem like the best for Oculus in the long run. But then again I'm not successful in the business world! What do I know? ;-)

Reply Score: 2