Facebook to Acquire Oculus VR for a total of approximately $2 billion
It seems that Facebook has many big plans for the future. After the acquisition of Facebook on Whatsapp with $19 billion, the company decides today to acquire the virtual reality technology company "Oculus VR" for a total of approximately $2 billion.
These 2$ billion include $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). And according to the company, this is not the final price because "The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones".
Maybe you ask: What is Oculus VR ?
ok, I will tell you, do you never watch "Jimmy Neutron"? if yes take a look on this episode (start the video at 5m 47s)
Facebook to Acquire Oculus VR for a total of approximately $2 billion Reviewed by amine khaoui on 3/26/2014 05:06:00 PM Rating: