Unexpected acquisition includes $400 million in cash, remainder in stock.
Giant social networking company Facebook has just announced it has "reached a definitive agreement" to acquire virtual reality headset maker Oculus for $400 million in cash and 23.1 million shares valued at $1.6 billion. Oculus can earn another $300 million if it reaches unspecified performance milestones.
"Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," Facebook founder and CEO Mark Zuckerberg said in a statement. "Oculus has the chance to create the most social platform ever and change the way we work, play, and communicate."
Full Article
Facebook purchases VR headset maker Oculus for $2 billion
Userlevel 7
+54
Userlevel 7
+56
Please don't screw this up, Facebook!
Userlevel 7
It could be worse Nic.... at least Zynga didn't buy it :)
Farmville in 3D Virual Reality.... now THAT is a scary thought!!
Farmville in 3D Virual Reality.... now THAT is a scary thought!!
Userlevel 7
Well thats put me off buying one
Userlevel 7
+54
Scary? I don't think so, it is the stuff of nightmares. I just don't want to think of 3D Zynga games 😃
Userlevel 7
OMG...just how much worse can it get...it seems like the BIG few are desparate to out BIG each other to become the BIGGEST...and are bound to screw that up royally in the process.
When will the madness end...http://www.forumsextreme.com/images2/sSig_aaarggh.gif http://www.forumsextreme.com/images2/sSig_lolhammer.gif
When will the madness end...http://www.forumsextreme.com/images2/sSig_aaarggh.gif http://www.forumsextreme.com/images2/sSig_lolhammer.gif
Userlevel 7
@DavidP1970 wrote:
It could be worse Nic.... at least Zynga didn't buy it :)
Farmville in 3D Virual Reality.... now THAT is a scary thought!!
Reply
Login to the community
No account yet? Create an account
Enter your username or e-mail address. We'll send you an e-mail with instructions to reset your password.